SharpLink Gaming (NASDAQ: SBET) saw its shares tumble by 6.6% following the announcement of a substantial $400 million share purchase agreement. This deal aims to expand the company’s Ethereum holdings and further solidify its position as an Ethereum treasury entity. The move involves collaboration with five global institutional investors and is expected to close soon, pending customary agreement conditions. While the drop may concern some investors, the long-term outlook could reflect positively if the expansion strengthens SharpLink’s market stance. Keep an eye on this developing story as it could impact investor sentiment in the gaming and crypto sectors.