Wu said that SharpLink Gaming (SBET) recently announced the purchase of 12,207 ETH for approximately $30.67 million, increasing its total holdings to 188,478 ETH. The average purchase price for this increase was $2,513, with funds primarily sourced from approximately $27.7 million in net income raised through ATM issuance. Since launching its ETH treasury strategy on June 2, the company has staked all of its ETH and has accumulated 120 ETH in rewards.