SharpLink Gaming, Inc. has secured approximately $413 million, making the company the largest corporate holder of Ethereum with 280,706 ETH.
SharpLink's Acquisition and Its Significance
Funds raised between July 7 and 11 amounted to approximately $413 million, with $156 million allocated to purchasing Ethereum (ETH). This acquisition positions SharpLink as the top corporate holder of Ethereum globally, shifting corporate treasury strategies.
SharpLink's Staking Strategy
99.7% of SharpLink's Ethereum is staked, a significant move for corporate treasuries. This ensures potential yield enhancements and underlines the importance of staking going forward.
Ethereum Market and Its Dynamics
As of July 16, 2025, Ethereum's price reached $3,155.41 with a market cap of approximately $380.90 billion, marking a notable 97.78% increase over three months. Data is credited to CoinMarketCap.
SharpLink's acquisition sets new standards for corporate participation in Ethereum and attracts attention to potential regulatory changes in staking.
