Bybit Lists SBET, CLSK and BITF, Bringing New TradFi Opportunities to Platform Users

Rhea-AI Summary

Bybit, the world's second-largest crypto exchange, has announced the listing of three new stocks on its TradFi platform: SharpLink Gaming (NASDAQ: SBET), CleanSpark (NASDAQ: CLSK), and Bitfarms (NASDAQ: BITF).

Notable among these is SBET, which has reportedly acquired 74,656 ETH (valued at $213 million), with 99.7% of its holdings deployed in staking strategies since June. This significant Ethereum position has led analysts to compare SBET to MicroStrategy's Bitcoin strategy, dubbing it "Ethereum's version of MicroStrategy."

Positive

• SBET has acquired a significant position of 74,656 ETH worth $213 million
• 99.7% of SBET's ETH holdings are generating yield through staking
• Listing on Bybit, the world's second-largest crypto exchange, increases market accessibility

Negative

• ETH holdings and staking figures have not been officially confirmed through regulatory filings

News Market Reaction

+29.03% 3.0x vol

103 alerts

+29.03% News Effect

+31.7% Peak Tracked

-2.6% Trough Tracked

+$545M Valuation Impact

$2.42B Market Cap

3.0x Rel. Volume

On the day this news was published, SBET gained 29.03%, reflecting a significant positive market reaction. Argus tracked a peak move of +31.7% during that session. Argus tracked a trough of -2.6% from its starting point during tracking. Our momentum scanner triggered 103 alerts that day, indicating very high trading interest and price volatility. This price movement added approximately $545M to the company's valuation, bringing the market cap to $2.42B at that time. Trading volume was very high at 3.0x the daily average, suggesting strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

DUBAI, UAE, July 16, 2025 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, is thrilled to announce the listing of three new equities — SharpLink Gaming Ltd. (NASDAQ: SBET), CleanSpark Inc. (NASDAQ: CLSK) and Bitfarms Ltd. (NASDAQ: BITF) — on its TradFi platform, expanding its offerings at the intersection of traditional finance and digital assets.

Among the newly listed stocks, SharpLink Gaming Ltd. (SBET) is drawing significant market attention. According to recent media reports, SBET has acquired approximately 74,656 ETH, valued at around $213 million, positioning it among the largest institutional holders of Ethereum. This development has led some analysts to draw comparisons between SBET and MicroStrategy's high-profile Bitcoin strategy, dubbing it "Ethereum's version of MicroStrategy."

Reports also suggest that over 99.7% of SBET's ETH holdings are currently deployed in staking or re-staking strategies, helping the company generate meaningful on-chain yield since early June. While these figures have not been officially confirmed via regulatory filings, they underscore growing institutional interest in Ethereum as a strategic treasury asset.

This listing reflects the accelerating convergence of traditional finance and Web3. SBET's reported allocation into Ethereum demonstrates how traditional companies are exploring digital assets as part of their corporate strategies, offering Bybit users a unique opportunity to engage with one of the most crypto-aligned equities on the market.

Bybit users can now access trading for SBET, CLSK and BITF via the platform's TradFi page.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
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SOURCE Bybit

FAQ

How much Ethereum does SharpLink Gaming (SBET) hold?

According to media reports, SBET holds approximately 74,656 ETH valued at $213 million, though these figures await official confirmation through regulatory filings.

What percentage of SBET's Ethereum holdings are being staked?

Reports indicate that 99.7% of SBET's ETH holdings are deployed in staking or re-staking strategies, generating on-chain yield since early June.

Which new stocks did Bybit add to its TradFi platform?

Bybit added three new stocks: SharpLink Gaming (NASDAQ: SBET), CleanSpark (NASDAQ: CLSK), and Bitfarms (NASDAQ: BITF).

Why is SBET being compared to MicroStrategy?

SBET is being called "Ethereum's version of MicroStrategy" due to its significant ETH holdings, similar to how MicroStrategy maintains large Bitcoin holdings.

Where can investors trade SBET stock through Bybit?

Investors can trade SBET stock through Bybit's TradFi page on their platform.