SharpLink Gaming and Trump Media & Technology Group shares rose following some key developments in the realm of crypto. SharpLink’s latest investment in Ethereum and Trump Media’s latest attempt at launching a Bitcoin and Ethereum ETF are driving investor attention.
SharpLink Stock Climbs Following Ethereum Investment
According to their recent announcement, SharpLink Gaming invested $30 million in Ethereum, pushing its balance over 188,000 ETH. The investment brought the value of the firm in Ethereum to around $457.4 million. The firm staked all its ETH for passive rewards, collecting around $293,000 as rewards.
SharpLink shares traded and bought under the ticker SBET finished at $9.66, up 7% following news. While this is the most recent on a string of rising highs, the stock remains well over 87% below its May 2025 high of $79.21. The company plans to revive long-term value for stockholders with new board chair Joseph Lubin, one of the Ethereum co-founders.
Trump Media Stock Inches Up on ETF Filing
Meanwhile, Trump Media shares also saw a pre-market surge after NYSE’s filing to list the Truth Social Bitcoin and Ethereum ETF shares. The new exchange-traded fund aims to replicate the price performance of Bitcoin and Ethereum.
The ETF will invest 75% in Bitcoin and 25% in Ethereum. This is a continuation of Trump Media’s private placement of $2.3 billion to build a Bitcoin reserve. Trump Media (DJT) stocks rose 1.10% pre-market following an increase of 1.79% in the previous session.
Institutional Interest in Cryptocurrency
The price action of both these stocks is indicative of growing institutional interest in cryptocurrency. Trump Media and SharpLink are not one-off phenomena; there has been significant capital inflow into Ethereum ETFs, exceeding $4 billion inflows in recent history, according to SosoValue data. The trend is indicative of heightened institutional acceptance of digital assets.
Trump Media and SharpLink’s latest actions reflect increasing overlap between classic finance and cryptocurrencies. Both companies being present in the crypto market is evidence that participants are taking notice, and it has resulted in some notable stock performances. The actions are reflective of widespread development towards complete integration of cryptocurrencies like Bitcoin and Ethereum.
