$SBET

Standard Chartered's crypto analyst Geoffrey Kendrick suggests MicroStrategy's (MSTR) recent Bitcoin (BTC) sale may signal Ethereum (ETH) outperformance. He cites structural differences, with Ethereum treasury companies earning staking yields. Kendrick forecasts the ETH/BTC ratio to rise to 0.040 by year-end, benefiting ETH-related stocks like Bitmine Immersion (BMNR) and SharpLink Gaming (SBET). Both stocks saw declines and bearish sentiment on Tuesday.

Crypto-linked stocks led after-hours gains, with Strategy Inc (MSTR) up 16.39% to $153.92, Bitdeer (BTDR) +15.39% to $12.97, and MARA (MARA) +13.75% to $13.24. Pershing Square (PS) rose 13.69% to $49.83. Xenon Pharma (XENE) fell 30.69% to $39.75, the steepest decline.

Sharplink Gaming (SBET) saw unusual bullish option activity with 27,443 calls trading, twice the expected volume. Implied volatility rose 4 points to 81%. Active strikes include Sep-26 9 calls and 9/25 weekly 10 calls, totaling 9,700 contracts. The Put/Call Ratio is 0.11. Earnings are expected on November 12th.

Bitmine (BMNR) and Sharplink (SBET) rose 4% and 3% respectively, tracking a 2% gain in Ethereum (ETH) to $2,500, despite the failure of the CLARITY Act and a Fed rate hike. Both companies hold Ethereum as a treasury asset, causing their stock prices to correlate with the cryptocurrency's movements. BMNR is down 9% year to date.

Analysts from Bank of America and Wells Fargo maintained Buy ratings on Synchrony Financial (SYF), with average price targets of $89.94 and $88.00, respectively. Bernstein analyst Gautam Chhugani also kept a Buy rating on SharpLink Gaming (SBET) with a $24.00 target. Both stocks have consensus price targets indicating significant upside.

Sharplink Inc. (SBET) stock rose 8.48% on September 11, 2026, driven by institutional investment and bullish analyst targets. The stock has gained 45% in the past month, with Cantor Fitzgerald setting a $17 price target and B. Riley raising its target to $12. The company reported $28.06M in revenue, high gross margins, but negative net margins and free cash flow. Institutional ownership is now near 60%.

Bitmine Immersion Technologies (BMNR) rose 8% to $26.09, SharpLink Gaming (SBET) gained 9% to $9.16, and Strategy (MSTR) advanced 4% to $134.15. Cantor Fitzgerald doubled its price target for BMNR to $63.60, citing Ethereum's (ETH) strength and a potential crypto market bottom by October. ETH increased 7% to $2,606.20, driving gains in companies with large ETH treasuries.

Sharplink (SBET) reported that its Chief Accounting Officer had 2,841 shares withheld for tax obligations related to RSU vesting on September 9, 2026. She now holds 63,612 shares directly, including 54,722 unvested RSUs. The tax-withholding reference price was $8.54 per share, totaling $24,284.

Cantor Fitzgerald upgraded Block (XYZ) to 'Buy' and raised price targets for Sharplink Gaming (SBET), Forward Industries (FWDI), and Bitmine Immersion Technologies (BMNR). Morgan Stanley initiated coverage on Coinbase (COIN) with an 'Equal Weight' rating. Block's stock rose 0.3%, while SBET, FWDI, and BMNR gained over 1%. COIN stock edged up 0.4%. U.S. producer prices rose 0.4% in August, ahead of the CPI report.

SharpLink Gaming launched an Ethereum-centric treasury, boosting its stock. According to the KuCoin Ventures Weekly Report, $824 million flowed into spot ETH ETFs, showing strong institutional and retail demand. VivoPower is pivoting to an XRP-centric treasury. Standard Chartered Bank set a $40,000 target for Ethereum, reflecting long-term bullish sentiment.