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SharpLink Gaming Inc. shares collapsed 69% Friday after the company filed to register shares for investors in a $425 million private placement, triggering concerns about potential selling pressure despite company leadership defending the move as routine procedure. What to Know: SharpLink registered

Public gaming company SharpLink Gaming announced a $425 million private placement transaction designed to establish Ethereum as its primary treasury reserve asset, representing a strategic pivot from its traditional sports marketing operations to cryptocurrency treasury management. The May 27 announ