SBET Stock Keeps Declining: Can SharpBet’s $75M Ethereum Offer Elevate SBET Price?
SharpLink Gaming’s (NASDAQ: SBET) recent acquisition of $75M in Ether has not stopped the decline of its stock, prompting investors to question whether a larger crypto treasury might improve overall sentiment.
As reported by Globe Announcement Wire, the firm declared it acquired around $75M worth of ether this week, raising its total holdings to nearly 859,853 ETH following a recent fundraising of $76.5M.
This acquisition signifies a more substantial pivot towards an Ethereum-centric treasury strategy, elevating the company to one of the most proactive corporate ETH buyers in 2025.
Can ETH Exposure Assist SBET in Recovering From Its Significant Decline?
SharpLink announced that it acquired 19,271 ETH at an average price of $3,892, following a registered direct offering completed on October 17.
NEW: SharpLink purchased 19,271 Ethereum at an average price of $3,892, boosting total holdings to 859,853 ETH valued at $3.5B as of October 19, 2025.
Key highlights for the week ending October 19, 2025:
– Raised $76.5M at a 12% premium to trading market
– Acquired 19,271 Ethereum at $3,892 avg.… pic.twitter.com/Y4Ewu4EiuF— SharpLink (SBET) (@SharpLinkGaming) October 21, 2025
Executives highlighted their strategy of raising capital first and then investing in ETH at lower prices as “immediately beneficial” for shareholders.
Trading market insights reveal that the firm’s total cash and crypto assets now approximate $3.5Bn.
Analysts suggest that this strategy showcases SharpLink’s aggressive effort to align its balance sheet with Ethereum’s long-term growth.
The price of ETH itself settled around $4,090 during the report, showing little change for the day.
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For the time being, SBET’s chart continues to appear weak, indicating doubt about the potential of the company’s crypto investment to enhance its lagging stock price.
SBET shares traded at around $14.90 during today’s trading, within a range between $14.21 and $14.90.
In spite of the new update, the stock remains significantly below its July peaks, having decreased by about two-thirds and sitting far beneath its May surge amid the company’s initial shift towards crypto.
This decline mirrors ongoing discussions among investors regarding execution, dilution, and the risks associated with crypto exposure.
Co-CEO Joseph Chalom noted that the latest capital raise was achieved at a premium relative to net asset value, indicating that purchasing Ethereum at lower prices “demonstrates the accuracy of our strategy.”
The firm confirmed it continues to earn locking tokens rewards while upholding strong available volume as it strengthens a balance sheet that increasingly emphasizes ETH.
Trading activity may also increase following the introduction of a new 2x leveraged ETF tied to SBET (CBOE: SBTU) by REX Shares.
This fund could attract more trading volume and volatility to the stock, broadening its product reach beyond just conventional investors.
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SBET Price Prediction: How are Ethereum’s Price Movements Influencing SBET’s Crypto market Prospects?
As per an analyst, SharpLink Gaming’s stock has entered a narrow consolidation period around the $14-$15 range, which has consistently provided solid support after a prolonged downturn from June levels above $60.
The range-bound behavior suggests a pause before a significant subsequent move, with price swings drastically reduced.
Key Fibonacci levels on the daily chart show the 0.5 and 0.786 levels at $33.76 and $71.09, respectively, which might act as upside price ceiling should momentum return.
$SBET (daily) — Currently in a tight consolidation phase, but we need $ETH — the main driver — to initiate the movement.
This will determine whether it rises to $30 or declines to $10. https://t.co/qcoOHUSuJk pic.twitter.com/KtBGbFXVPh
— FibonacciTrading (@Fibonacci_TA) October 21, 2025
Nonetheless, SBET remains below its short-term moving averages, indicating a pessimistic tilt in the larger crypto market structure.
The drop in trading volumes reflects trader caution following significant selling in the previous quarter.
With SharpLink’s $75M purchase of Ethereum, crypto market sentiment might now hinge on Ethereum’s trajectory.
A price breakout above $18 may trigger a rally towards $30, whereas losing support at $14 could plunge it down to $10.
It appears that traders are awaiting clearer signals from the broader trading market before making new investment decisions.
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The post SBET Stock Continues to Tumble: Will SharpBet’s $75M Ethereum Bid Boost SBET Price? appeared first on 99Bitcoins.
