🚨 SharpLink Gaming Doubles Down on Ethereum: Now Holds 438,190 ETH

📢 In a bold move echoing MicroStrategy’s Bitcoin playbook, SharpLink Gaming (NASDAQ: SBET) just expanded its Ethereum treasury by 21%, acquiring 77,209 ETH for $290 million at an average price of $3,756 per ETH.

▫️ Total ETH holdings now stand at 438,190 ETH

▫️ Cumulative staking rewards: 722 ETH since June

▫️ ETH concentration climbs to 3.40%, up from 3.06

▫️ $279.2M raised via ATM facility in just 5 days

▫️ Ethereum remains strong near $3,800, while SBET trades at $19.22 (-8%)

📊 Despite short-term volatility in SBET, SharpLink’s strategy is clear: Ethereum is the long game.

🌐 Their aggressive accumulation and staking model positions them as Ethereum’s “MicroStrategy” in the gaming-tech space.

🏛 This may signal a broader institutional pivot toward Ethereum-based treasuries.

#Ethereum #SharpLink #Crypto #Web3 #Blockchain

https://coingape.com/ethereums-microstrategy-sharplink-gaming-expands-treasury-to-438190-eth/?utm_source=bnb&utm_medium=coingape