SharpLink Gaming, Inc. (SBET) ended a five-day winning streak by shedding 6.63 percent on Monday after announcing a planned $400 million share sale. The company entered into share purchase agreements with five institutional investors to sell securities at $21.76 apiece, expecting to raise over 18.3 million shares. This move aligns with SharpLink’s goal of growing its Ethereum holdings to $3 billion. The sale was part of a shelf registration statement approved by the SEC in May 2025. Co-CEO Joseph Chalom expressed confidence in the market’s support of SharpLink’s ETH strategy. Investors seeking AI stocks with potential for high returns and low risk may find the free report on the best short-term AI stock helpful.

Read more at Yahoo Finance: SharpLink Gaming (SBET) Ends 5-Day Run on Planned $400-Million Share Sale