The price of Ethereum (Ethereum-ETH) recorded a decline last Friday of 2.75% over 24 hours, settling around 2,517$ despite the positive sentiment of investors due to the announcement by SharpLink Gaming of a $48 million investment in ETH; the company's strong investment strategy - according to the financial disclosure submitted to the Securities and Exchange Commission (SEC) - aims to raise $425 million in a private round, with the majority of the funding being earmarked for establishing a strategic Ethereum reserve.

JUST IN: SharpLink Gaming raises $425M to kick off an ETH Treasury strategy.

Most of the #RWA tokens are built on $ETH

Institutions are waking up. pic.twitter.com/F1s5hbCcVs

— Real World Asset Watchlist (@RWAwatchlist_) May 27, 2025

SharpLink's recent moves resemble Michael Saylor's approach regarding Bitcoin (Bitcoin-BTC) purchases through his company MicroStrategy, prompting crypto communities to compare the two.

SharpLink will offer 69.1 million shares for sale at $6.15.

The strategy of purchasing ETH holdings is likely to increase institutional demand for it.

Joseph Lubin - one of the founders of the Ethereum blockchain - will become the new chairman of SharpLink.

This led to a 400% increase in SharpLink's stock value after the announcement despite regulatory risks, including the possibility of classifying ETH as a security and the uncertainty surrounding central bank digital currencies (CBDCs).