{"id":54086,"date":"2025-10-21T20:48:48","date_gmt":"2025-10-21T20:48:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=54086"},"modified":"2025-10-21T20:48:48","modified_gmt":"2025-10-21T20:48:48","slug":"sbet-stock-continues-to-tumble-will-sharpbets-75m-eth-bid-boost-sbet-price","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=54086","title":{"rendered":"SBET Stock Continues to Tumble: Will SharpBet\u2019s $75M ETH Bid Boost SBET Price?"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">SharpLink Gaming\u2019s (NASDAQ: SBET) recent $75M Ether purchase hasn\u2019t halted the stock\u2019s decline, leaving investors to wonder if a larger crypto treasury can stabilize sentiment.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to the <\/span><a class=\"general-link\" href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/10\/21\/3170138\/0\/en\/SharpLink-Reports-Total-ETH-Holdings-Rise-to-859-853-as-of-October-19-2025-Total-ETH-and-Cash-Holdings-of-3-5-Billion.html\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Globe News Wire,<\/span><\/a><span style=\"font-weight: 400\"> the company stated that it added approximately $75M worth of ether this week, bringing its total holdings to nearly 859,853 ETH following a recent capital raise of $ 76.5M.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The move marks a more profound shift toward an Ethereum-focused treasury strategy, positioning the firm among the most active corporate buyers of ETH in 2025.<\/span><\/p>\n<h2><b>Can Ethereum Exposure Help SBET Recover From Its Sharp Decline?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">SharpLink <\/span><a class=\"general-link\" href=\"https:\/\/x.com\/SharpLinkGaming\/status\/1980606003570991197\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">disclosed<\/span><\/a><span style=\"font-weight: 400\"> it bought 19,271 ETH at an average price of $3,892, following a registered direct offering completed on Oct. 17.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">NEW: SharpLink acquired 19,271 ETH at an average price of $3,892, bringing total holdings to 859,853 ETH valued at $3.5B as of October 19, 2025.<\/p>\n<p>Key highlights for the week ending October 19, 2025:<\/p>\n<p>\u2013 Raised $76.5M at a 12% premium to market<br \/>\u2013 Added 19,271 ETH at $3,892 avg.\u2026 <a href=\"https:\/\/t.co\/Y4Ewu4EiuF\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/Y4Ewu4EiuF<\/a><\/p>\n<p>\u2014 SharpLink (SBET) (@SharpLinkGaming) <a href=\"https:\/\/twitter.com\/SharpLinkGaming\/status\/1980606003570991197?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">October 21, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">Executives described the approach of raising funds first, then deploying them into ETH at lower prices as \u201cimmediately accretive\u201d to shareholders.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Market data shows the company\u2019s combined cash and crypto reserves now stand at roughly $3.5Bn.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Analysts say this move underscores SharpLink\u2019s aggressive push to anchor its balance sheet to Ethereum\u2019s long-term performance.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Ethereum price itself <\/span><a class=\"general-link\" href=\"https:\/\/www.coingecko.com\/en\/coins\/ethereum\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">hovered<\/span><\/a><span style=\"font-weight: 400\"> near $4,090 at the time of reporting, mostly unchanged on the day.\u00a0<\/span><\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_68f7f0e712e2b\" data-coin-id=\"ethereum\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n\t\t\t\t<img id=\"crypto_chart_68f7f0e712e2b-chart__info-icon-img\"><\/p>\n<div class=\"chart__info-name\" id=\"crypto_chart_68f7f0e712e2b-chart__info-name\"><\/div>\n<div class=\"chart__info-symbol\" id=\"crypto_chart_68f7f0e712e2b-chart__info-symbol\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-current\">\n<div class=\"chart__info-price\" id=\"crypto_chart_68f7f0e712e2b-chart__info-price\"><\/div>\n<div class=\"chart__info-change\" id=\"crypto_chart_68f7f0e712e2b-chart__info-change\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-extra\">\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-marketcap\" id=\"crypto_chart_68f7f0e712e2b-chart__info-marketcap\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n\t\t\t\t<button class=\"chart__button chart__button--24h\" id=\"crypto_chart_68f7f0e712e2b-btn-24h\">24h<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--7d\" id=\"crypto_chart_68f7f0e712e2b-btn-7d\">7d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--30d\" id=\"crypto_chart_68f7f0e712e2b-btn-30d\">30d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--1y\" id=\"crypto_chart_68f7f0e712e2b-btn-1y\">1y<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_68f7f0e712e2b-btn-all-time\">All Time<\/button>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n\t\t<canvas class=\"chart__canvas\" id=\"crypto_chart_68f7f0e712e2b-cryptoChart\"><\/canvas>\n\t<\/div>\n<\/div>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-coinbase-listings\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">15+ Upcoming Coinbase Listings to Watch in 2025<\/a><\/strong><\/p>\n<p><span style=\"font-weight: 400\">But for now, SBET\u2019s chart remains heavy, reflecting skepticism over whether the company\u2019s crypto bet can lift its struggling stock.<\/span><\/p>\n<p><span style=\"font-weight: 400\">SBET shares <\/span><a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/symbols\/NASDAQ-SBET\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">traded<\/span><\/a><span style=\"font-weight: 400\"> around $14.90 in today\u2019s session, within a range of $14.21 to $14.90.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-299307\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/10\/unnamed-2025-10-21T212510.271.png\" alt=\"\" width=\"1549\" height=\"861\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/10\/unnamed-2025-10-21T212510.271.png 1549w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/10\/unnamed-2025-10-21T212510.271-300x167.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/10\/unnamed-2025-10-21T212510.271-1024x569.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/10\/unnamed-2025-10-21T212510.271-768x427.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/10\/unnamed-2025-10-21T212510.271-1536x854.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/10\/unnamed-2025-10-21T212510.271-50x28.png 50w\" sizes=\"auto, (max-width: 1549px) 100vw, 1549px\"><\/p>\n<p><span style=\"font-weight: 400\">(<\/span><a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/symbols\/NASDAQ-SBET\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Source: TradingView<\/span><\/a><span style=\"font-weight: 400\">)<\/span><\/p>\n<p><span style=\"font-weight: 400\">Despite the fresh announcement, the stock remains far below its July highs, down roughly two-thirds and well under its May spike during the company\u2019s first crypto-focused shift.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The slide reflects continued debate among investors about execution, dilution, and crypto exposure risk.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Co-CEO Joseph Chalom said the latest capital raise was completed at a premium to net asset value, adding that buying Ethereum at lower levels \u201cshowcases the precision of our strategy.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The company said it continues to collect staking rewards and maintain strong liquidity as it builds a balance sheet increasingly weighted toward ETH.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Trading interest may also rise after REX Shares introduced a new 2x leveraged ETF tied to SBET (CBOE: SBTU).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The fund could bring added flow and volatility to the name, expanding the stock\u2019s product footprint beyond traditional investors.<\/span><\/p>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-binance-listings\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">16+ New and Upcoming Binance Listings in 2025<\/a><\/strong><\/p>\n<h2><b>SBET Price Prediction: How Does Ethereum\u2019s Price Movement Affect SBET\u2019s Market Outlook?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">According to <\/span><a class=\"general-link\" href=\"https:\/\/x.com\/Fibonacci_TA\/status\/1980622358567350356\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">analyst,<\/span><\/a><span style=\"font-weight: 400\"> SharpLink Gaming\u2019s stock has entered a tight consolidation phase near the $14-$15 zone, a level that has repeatedly served as solid support after months of decline from June highs above $60.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The range-bound trading is an indication of a rest before the second significant move, and the volatility is significantly contracted.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The key Fibonacci levels highlighted in the daily chart include the 0.5 and 0.786 levels at $33.76 and $71.09, respectively, which could serve as upside resistance should the momentum return.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24SBET&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">$SBET<\/a> (daily) \u2014 As tight as it gets right now, but we need <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">$ETH<\/a> \u2014 the mothership \u2014 to kick off the move. <\/p>\n<p>That\u2019ll decide whether this moves up at $30 or down to $10. <a href=\"https:\/\/t.co\/qcoOHUSuJk\" rel=\"nofollow\" target=\"_blank\">https:\/\/t.co\/qcoOHUSuJk<\/a> <a href=\"https:\/\/t.co\/KtBGbFXVPh\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/KtBGbFXVPh<\/a><\/p>\n<p>\u2014 FibonacciTrading (@Fibonacci_TA) <a href=\"https:\/\/twitter.com\/Fibonacci_TA\/status\/1980622358567350356?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">October 21, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">However, SBET is still below its short-term moving averages, maintaining the larger structure\u2019s tilt towards the bearish side.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The reduction in volumes indicates the caution on the part of investors after high selling in the previous quarter.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Following the acquisition of Ethereum by SharpLink for $75M in ETH, market sentiment may now be influenced by the direction of Ethereum.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Any break above $18 may attract a push to $30, and losing support at $14 may lead to a decline all the way to $10.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">It appears that traders are waiting for stronger signals from the overall crypto market before making new investments.<\/span><\/p>\n<p><strong>EXPLORE:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Best Meme Coin ICOs to Invest in 2025<\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/sbet-stock-continues-to-tumble-will-sharpbets-75m-eth-bid-boost-sbet-price\/\">SBET Stock Continues to Tumble: Will SharpBet\u2019s $75M ETH Bid Boost SBET Price?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>SharpLink Gaming\u2019s (NASDAQ: SBET) recent $75M Ether purchase hasn\u2019t halted the stock\u2019s decline, leaving investors to wonder if a larger crypto treasury can stabilize sentiment. According to the Globe News Wire, the company stated that it added approximately $75M worth of ether this week, bringing its total holdings to nearly 859,853 ETH following a recent [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-54086","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/54086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54086"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/54086\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}