SharpLink Gaming, Inc. has made a big move in crypto. The company bought 176,271 Ethereum (ETH) worth $462.9 million — making it the largest public ETH holder after the Ethereum Foundation.
🏦 Why Did SharpLink Buy So Much ETH?
SharpLink is the first Nasdaq-listed company to:
Make Ethereum its main reserve asset
Put most of its ETH into staking and liquid staking
This means SharpLink’s ETH is:
Helping power the Ethereum network
Earning rewards while doing it
📈 Big Growth in ETH Shares
Since June 2, 2025, SharpLink’s ETH-per-share has grown by 11.8%
This shows strong returns from its Ethereum investment
💰 How Did They Raise the Money?
SharpLink raised money through:
A PIPEdeal on May 26
A $1B ATM equity sale from May 30 to June 12
From this, they earned about $79 million, most of which went to buy ETH
👥 What Do Company Leaders Say?
🗣️ Rob Phythian, CEO of SharpLink:
"Ethereum is the future of digital finance. That’s why we made it our main reserve asset.”
🗣️ Joseph Lubin, Chairman of SharpLink and Ethereum Co-Founder:
"This is a big moment. SharpLink’s move shows that more companies are starting to believe in Ethereum."
He also said this comes at a key time, as the U.S. Congress works on new crypto laws, especially for stablecoins and digital assets.
📌 Bottom Line
SharpLink now owns the most ETH of any public company.
This shows growing trust in Ethereum for future digital business.
As laws and tech change, Ethereum could become even more important.
