The expected step for Ethereum: They bought half a billion dollars worth of ETH

SharpLink Gaming announced that it has bought out a total of 176,271 ETH. With this purchase, which cost approximately 463 million dollars, SharpLink became the second largest ETH holder after the Ethereum Foundation and took the first place among publicly traded companies. The average purchase price per ETH, including transaction fees, was 2,626 dollars.

As of June 13, more than 95% of SharpLink's ETH assets are actively staked. These assets contribute to the security of the Ethereum network and generate passive income (yield).

SharpLink CEO Rob Phythian stated, "Choosing ETH as our reserve asset is a testament to our belief in its role as digital capital."

The chairman of the company's board of directors and one of the co-founders of Ethereum, Joseph Lubin, stated that this strategy is critically important during a time when the U.S. Congress is taking new steps towards digital asset regulations, saying "SharpLink's bold capital allocation to ETH is a turning point in the institutional adoption of Ethereum."

SharpLink is the first company listed on Nasdaq that has adopted an ETH-focused treasury strategy.

Published: June 13, 2025 15:46