SharpLink Gaming has made headlines with its acquisition of 176,271 ETH valued at $463 million, officially becoming the largest publicly traded holder of Ethereum. The strategic purchase underscores the company’s shift to adopt ETH as its primary treasury reserve asset — a first among Nasdaq-listed firms.
The acquisition was largely funded through a $79 million capital raise under SharpLink’s at-the-market (ATM) equity program. With over 95% of its ETH now deployed in staking and liquid staking solutions, SharpLink is earning yield while directly supporting Ethereum’s network security and infrastructure.
“This is a landmark moment for SharpLink and for public company adoption of digital assets,” said CEO Rob Phythian. Chairman Joseph Lubin, also a co-founder of Ethereum, described the move as a “pivotal milestone” that reflects growing institutional confidence in Ethereum’s long-term utility and value.
The company’s ETH-per-share value has already risen 11.8% since June 2. As U.S. lawmakers advance new legislation on digital assets, SharpLink’s bold strategy places it at the forefront of corporate crypto adoption.
