Ethereum the New Bitcoin?: Sharplink Gaming Puts $425M into $ETH  Treasury Strategy

In a groundbreaking move, Sharplink Gaming has announced a $425 million Ethereum treasury strategy, issuing 99M new shares to accumulate over 120,000 ETH , marking the first Nasdaq-listed company to bet big on Ethereum as a reserve asset.

The deal mirrors MicroStrategy’s $BTC  playbook, but this time ETH is the focus , with plans to stake for yield and hold long term. Ethereum is trading near $2,645, with analysts watching for a breakout toward 3,000.