Wu said that SharpLink Gaming (SBET) announced the acquisition of approximately 463 million USD for 176,270.69 Ethereum (ETH), with an average purchase price of 2,626 USD each, making it the publicly traded company with the largest amount of ETH held globally, second only to the Ethereum Foundation. The company stated that over 95% of its ETH holdings are currently used for staking and liquid staking, to support the Ethereum network and earn native rewards.