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MINNEAPOLIS - SharpLink Gaming, Inc. (Nasdaq: SBET), a $600 million market cap gaming technology company, announced that options trading for its common stock commenced on the Nasdaq Options Market on June 18, 2025, under the ticker symbol SBET. The stock, currently trading at $9.85, has shown strong momentum with a 27% gain year-to-date, according to InvestingPro data.
The options include standard expiration dates and strike prices, according to a company press release statement. SharpLink, which describes itself as the largest publicly traded holder of Ethereum (ETH), expects the options listing to expand investor access and potentially enhance liquidity in its shares. InvestingPro analysis indicates the stock typically experiences high price volatility, with 11 additional key insights available to subscribers.
"We view this approval as a significant achievement that underscores our evolving profile as a trusted Nasdaq-listed company," said Rob Phythian, CEO of SharpLink Gaming. "Moreover, we believe the commencement of options trading will enhance our visibility within the investment community."
The options trading will be available through the Options Clearing Corporation (OCC) and will be subject to standard rules and regulations established by Nasdaq and the OCC.
SharpLink Gaming, headquartered in Minneapolis, focuses on online gaming and sports betting solutions. The company has adopted Ethereum as its primary treasury reserve asset, a strategy it claims aligns with digital capital trends and provides investors exposure to the cryptocurrency.
The company aims to develop solutions for the iGaming industry using smart contracts, DeFi protocols, and Web3 infrastructure.
In other recent news, SharpLink Gaming Inc. has made headlines with its acquisition of 176,270.69 Ethereum tokens for approximately $463 million, positioning itself as the largest publicly-traded holder of Ethereum. This move has reportedly generated an 11.8% growth in ETH per share since June, with over 95% of these holdings actively engaged in staking solutions. SharpLink also closed a $425 million private placement to support its Ethereum strategy, involving key investors like Consensys Software Inc. and other crypto venture capital firms. The company has regained compliance with Nasdaq's listing requirements, meeting the necessary standards for a closing bid price and stockholders' equity. SharpLink will be under a mandatory one-year monitoring period to ensure continued compliance. Additionally, the company's shares experienced a notable surge following comments from Martin Shkreli about the limited availability of tradeable shares, with less than 2 million out of 69 million shares currently tradeable. This limited float has drawn significant market attention, despite Shkreli's controversial history. These developments underscore SharpLink's strategic focus on Ethereum as a treasury asset while maintaining its Nasdaq compliance.
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