SharpLink Gaming, Inc. (NASDAQ:SBET) saw a 387% share price increase YTD, hitting $37.38 on July 13 from $7.68 in December 2024. The company is now the largest holder of Ethereum worldwide with 280,706 ETH acquired. They raised $413 million through 24 million share issuance for further ETH purchases.

SharpLink Gaming plans to raise $1 billion through a share sale for more Ether coins. They will use most of the proceeds for Ether acquisition and the rest for operational needs, marketing, and working capital. While SBET shows promise, some AI stocks may offer higher returns with less risk.

Read more at Yahoo Finance: “King of ETH” SharpLink (SBET) Soars 387% YTD