SharpLink Gaming plummeted 20% in pre-market trading, previously soaring due to a private placement purchase of ETH

ChainCatcher news, according to Tiger News, SharpLink Gaming plummeted 20% in pre-market trading. Previously, the company announced a private placement of $425 million to purchase ETH, which caused its stock price to surge by 2225% last month.

Note: SharpLink Gaming is a company focused on online performance marketing, recently transitioning into the cryptocurrency sector through a private investment in public equity (PIPE) to purchase Ethereum (ETH).