From Yahoo Finance: 2025-06-02 09:54:00

Shares of SharpLink Gaming (SBET) fell 30% in early trading Monday after last week’s massive 2,000% surge. The surge was fueled by news of a $450 million fundraising for an ether treasury strategy, with Joseph Lubin joining as chairman. The company sold 69 million shares but most are restricted from trading until registration is complete. This limited float may have driven last week’s rally. The stock is now retracting slightly, highlighting the volatility of new stock offerings and the impact on trading. Investors should be cautious with the limited availability of tradable shares in the market.



Read more at Yahoo Finance: SharpLink Shares Sink 30% After Last Week’s 2,000% Surge