SharpLink Gaming, Inc. announced a significant acquisition of Ethereum, making it the core of its treasury strategy. This event highlights the growing interest in Ethereum among institutions.
Acquisition of Ethereum
SharpLink Gaming has acquired 176,271 ETH valued at $462.9 million. This makes SharpLink the largest publicly traded holder of Ethereum, second only to the Ethereum Foundation.
Financing Strategy
SharpLink is the first Nasdaq-listed company to make Ethereum the core of its treasury strategy. Funds for the ETH purchase were raised through a PIPE deal on May 26, 2025, and through the sale of shares which generated approximately $79 million.
Expert Opinions
SharpLink’s CEO Rob Phythian stated that this reflects strong confidence in Ethereum’s future role in digital commerce and decentralized applications. He noted, “Our decision to make ETH our primary treasury reserve asset reflects deep conviction in its role as programmable, yield-bearing digital capital.” Joseph Lubin, Chairman of SharpLink and Co-Founder of Ethereum, emphasized that this strategy marks a significant shift in how institutions adopt Ethereum.
SharpLink Gaming's acquisition of ETH represents a crucial step towards the integration of cryptocurrency into traditional financial institutions and may influence upcoming legislative efforts regarding digital assets.
