Ethereum just got its biggest institutional power-up yet—SharpLink Gaming ($SBET) is going full giga-bull with a $425 MILLION Ethereum treasury move... and the crypto world is losing its mind.
🔥 Here’s what’s going down:
SharpLink is building the first-ever NASDAQ-listed ETH treasury, snapping up 120,000 ETH in a bold bet on Ethereum’s future.
This isn’t just some random buy—Ethereum co-founder Joe Lubin is backing the strategy, mirroring MicroStrategy’s legendary Bitcoin play.
Ethereum futures open interest just hit $36.1B ATH, while ETH surged 4.5% in 24 hours. 🚀
💎 Why it matters:
Former core dev Eric Conner says this creates a “public ETH proxy”—a HUGE door-opener for funds that can’t touch crypto directly.
With 120K ETH likely to be staked, we’re talking serious supply shock potential. Think: less ETH on the market, more upward pressure. 📈
This injects a whole new narrative into Ethereum’s story: ETH as digital reserve collateral—and SBET as the equity wrapper to hold it.
But not everyone's popping champagne yet. 🧊
Analyst VICTOR says ETH is still down 19% YTD—warning that gains here are far from guaranteed, especially if DApp activity stays sluggish.
Still, the energy is electric. ⚡
ETH is reclaiming its throne. The streets are whispering: “Is this ETH’s MicroStrategy moment?”
🧠 TL;DR:
ETH just got a $425M institutional flex, with deep roots in Ethereum’s founding team. SharpLink isn’t buying the dip—they’re building a treasury. If you’ve been waiting for a reason to go long…
You just got it.
🦇🔊 LFG.
