Joe Lubin, through his company Consensys, sold $48 million worth of SharpLink shares, the gambling marketing company-turned-ETH treasury stock. The 5.7 million SBET shares were sold at $8.39 each, representing a 93% decline from the May 2025 peak of $124.12. The stock has plummeted 94% from its all-time high and now trades around $7.46. Despite this massive sale, Joe Lubin retains less than 5% of SharpLink, while the company posted a loss of $735 million in 2025. Index provider MSCI has also added SharpLink to its removal watchlist.
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