India, Feb. 24 -- SharpLink Gaming, Inc. (SBET) Monday announced the acquisition of a 10 percent equity stake in U.K.-based Armchair Enterprises Limited, the owner of CryptoCasino.com, for $500,000 in cash. The deal includes a right of first refusal to acquire a controlling interest.
SharpLink aims to become the first Nasdaq-listed company focused on crypto gaming. CryptoCasino.com, launched in October 2024, offers blockchain-based gaming, including slots, table games, and a sportsbook, accepting multiple cryptocurrencies.
SBET is currently trading at $0.41 down 11.86 percent or $0.053 on the Nasdaq.
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