SharpLink Gaming, Inc. (NASDAQ:SBET) experienced a 5.93% increase in share prices, reaching $19.47 per share after acquiring over $3 billion in Ethereum. The company recently purchased an additional 143,593 ETH at an average price of $4,648, totaling $667 million. These acquisitions are part of a $1 billion fundraising program aimed at acquiring more Ethereum coins. However, the company reported a significant net loss of $103.37 million in Q2, with a revenue decrease of 29% compared to the same period last year. Despite potential investment opportunities, other AI stocks may offer higher returns and less risk.

Read more at Yahoo Finance: SharpLink Gaming (SBET) Jumps on New $667-Million ETH Purchase