From Yahoo Finance: 2025-06-12 18:36:00

SharpLink Gaming, Inc. (SBET) saw a 9.09% increase, closing at $37.07 on Wednesday due to rising investor optimism over Ethereum surging to $4,000. Ethereum currently sits at $2,700, with potential for a 48% increase. Futures market expert Peter Brandt predicts Ethereum’s rise, boosting SBET’s confidence.

SBET recently raised $425 million in a private placement, with Consensys Software Inc. leading the investment. The funds will be used to establish an Ethereum treasury. Despite SBET’s performance, other AI stocks may offer higher returns with less risk. For more insights, check out our report on the best short-term AI stock.



Read more at Yahoo Finance: SharpLink (SBET) Mirrors Optimism for ETH, as Analyst Sees $4,000 Price Surge