SharpLink Gaming, Inc. (Nasdaq: SBET) has bought 176,270.69 ETH for $462,947816. With this purchase, the company has become the largest publicly traded holder of Ethereum in the world, second only to the Ethereum Foundation. The average purchase price was somewhere around $2,626 per ETH, which includes all fees and costs.
Capital Raising and Strategic Purchases
This move has come right after SharpLink recently carried out a capital raising effort, which includes an additional $79 million secured via its at-the-market (ATM) equity facility, with most proceeds directed toward further ETH purchases.
Since June 2, 2025, all of these efforts have led to an 11.8% increase in ETH per share for SharpLink shareholders. This indicates the company’s rapid transformation into a major digital asset investment vehicle.
ETH Deployment and Network Contribution
Over 95% of SharpLink’s ETH holdings are actively deployed in staking and liquid staking solutions, contributing to the security of the Ethereum network while generating native yield for the company. This strategy not only increases the company’s financial performance but also demonstrates a new model for public company engagement with blockchain infrastructure.
Leaders Speak
SharpLink Gaming CEO Rob Phythian called the purchase a “landmark moment” not just for the company, but for the broader push toward digital asset adoption by public firms. He emphasized SharpLink’s confidence in Ethereum, describing it as a key piece of the future infrastructure powering digital commerce and decentralized applications.
According to Phythian, choosing ETH as the company’s primary treasury reserve shows a strong belief in its potential as programmable, yield-generating digital capital.
Joseph Lubin, Chairman of SharpLink, Co-Founder of Ethereum, and CEO of Consensys said SharpLink’s ETH-centered treasury strategy marks a major step forward in institutional adoption of Ethereum. He called it an innovative move, especially at a time when U.S. crypto legislation is beginning to take shape.
Lubin also expressed his optimism that upcoming laws around stablecoins and digital asset markets will help speed up Ethereum’s integration into the global financial system as a decentralized backbone.
SharpLink’s Treasury Strategy and Market Impact
This gaming company is the first Nasdaq-listed company that has created a reserve policy around Ethereum. The main aim with this move is to provide shareholders with meaningful exposure to Ethereum’s growth and to advocate for its role in transforming industries worldwide.
The company’s leadership also believes that this move will also place the company at the forefront of a broader institutional shift toward blockchain based assets specially as U.S. lawmakers are considering new digital asset regulations.
Also Read: Walmart and Amazon Plan to Launch Stablecoins to Cut Payment Costs
