With the support of Joseph Lubin, SharpLink Gaming (SBET) increased its holdings by nearly 80,000 Ethereum (ETH) last week, bringing its total holdings to over 360,000. The company also raised $966 million through a 'market instant sale' to continue purchasing ETH and participate in the increasingly fierce corporate Ethereum reserve competition. The 'ETH Concentration' index has risen by 53% since June, with staking rewards accumulating to 567 ETH. Following the news, SBET's stock price rose by 7%.

Meanwhile, competitors The Ether Machine and BitMine Immersion have also accelerated their acquisition of ETH, holding approximately 400,000 and ETH worth over $1 billion, respectively.

Joseph Lubin praised President Trump for signing the 'Genius Act' stablecoin regulations, believing that this will accelerate institutional adoption of crypto assets and prove that SharpLink's Ethereum reserve strategy is correct.

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