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We recently published 10 Big Names With Surprising Gains. SharpLink Gaming, Inc. (NASDAQ:SBET) is one of Wednesday’s best performers.
SharpLink Gaming saw its share prices grow by 5.93 percent on Wednesday to end at $19.47 apiece following news that it successfully raised its Ethereum ownership to over $3 billion.
In an updated report, SharpLink Gaming, Inc. (NASDAQ:SBET) said it purchased another 143,593 ETH at an average price of $4,648 for a total of $667 million.
This followed the successful raising of $146.5 million in fresh funds from an at-the-market facility last week, while another $390 million was raised through a registered direct offering.
Copyright: tang90246 / 123RF Stock Photo
The new funds form part of the $1-billion fundraising program announced earlier this year for the acquisition of more Ethereum coins.
In other news, SharpLink Gaming, Inc. (NASDAQ:SBET) reported a dismal earnings performance in the second quarter of the year, as net loss from continuing operations skyrocketed by more than 11,100 percent to $103.37 million from only $917,000 in the same period last year, primarily due to higher operating losses.
Revenues also declined by 29 percent to $697,291 from $981,272 in the same comparable period.
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