SharpLink Gaming is making a massive move into Ethereum — raising $200M through a direct offering at $19.50 per share with four major institutional investors. The plan? Build one of the largest corporate ETH treasuries in the world, potentially reaching $2B after deployment.
They’re not just holding ETH — they’re staking it to generate sustainable on-chain returns and grow ETH-per-share for long-term holders. This strategy positions SharpLink to ride Ethereum’s growth as it cements its role as global infrastructure for tokenized assets.
Vitalik Buterin has pointed out that ETH treasuries are becoming increasingly important, both for storing and accessing ETH. The momentum is clear — Ethereum recently hit 1.87M daily transactions, nearing its all-time high, and institutional interest is climbing.
With UK regulators lifting the ban on crypto exchange-traded notes for retail investors, and the ETH validator exit queue shrinking significantly, the setup for Ethereum’s next leg up is looking stronger than ever.
