$ETH SharpLink Gaming, Inc. announced the acquisition of 176,271 ETH worth $462.9 million. SharpLink is currently the largest holder of publicly traded Ethereum, second only to the Ethereum Foundation. SharpLink is the first company whose shares are listed on the Nasdaq that has made Ethereum (ETH) the foundation of its treasury strategy. This move reflects its decision to adopt ETH as its primary reserve asset. According to the press release, the company raised funds through a PIPE deal dated May 26, 2025. Then, from May 30 to June 12, it sold shares through a $1 billion ATM stock program, raising about $79 million. Most of the funds were used to purchase Ethereum. SharpLink generated an 11.8% increase in ETH per share since June 2, 2025. Over 95% of SharpLink's ETH is used in staking and liquid staking. This means that ETH helps secure the Ethereum network while simultaneously earning rewards. Rob Fitiann, CEO of SharpLink Gaming, believes this reflects a strong confidence in the role of Ethereum in the future of digital commerce and decentralized applications. He added, "Our decision to make ETH our primary reserve asset reflects a deep conviction in its role as programmable, income-generating digital capital." Joseph Lubin, Chairman of SharpLink Gaming, co-founder of Ethereum, and CEO of Consensys, stated that SharpLink's bold strategy regarding ETH marks an important turning point in how institutions begin to embrace Ethereum. He noted that this step comes at a crucial time as the U.S. Congress is working on important legislation regarding stablecoins and digital assets. Lubin believes this could help accelerate the adoption of Ethereum technology worldwide.