SharpLink Gaming (Nasdaq: SBET) has taken a bold leap into crypto history. On June 13, the iGaming firm revealed it had acquired 176,270 ETH worth over $462.9 million, making it the largest publicly traded Ethereum holder in the world.
This strategic allocation puts SharpLink just behind the Ethereum Foundation itself — and ahead of every other public company globally — in ETH reserves.
But the story doesn’t end with accumulation. SharpLink has also staked more than 95% of its ETH holdings, turning its treasury into a yield-generating asset pool that contributes to Ethereum’s network security and consensus.
🗨️ “Ethereum is programmable, yield-bearing digital capital,” said CEO Rob Phythian.
“We see it as foundational infrastructure for the future of digital commerce and decentralized apps.”
🔍 Why SharpLink Made the Move
The $463M ETH purchase comes on the heels of a successful $79 million capital raise, helping to fund the company’s aggressive treasury strategy. Since early June, this move has already driven an 11.8% increase in ETH-per-share value, suggesting the policy is resonating with investors.
The company’s leadership has framed the decision as more than opportunistic. Ethereum co-founder and Consensys CEO Joseph Lubin, who also chairs SharpLink, described it as a “watershed moment for institutional crypto adoption.”
“With regulatory momentum building in Congress, we believe Ethereum will become the digital backbone of Web3, DeFi, and tokenized real-world assets,” Lubin added.
🛠️ Staking for Yield and Security
SharpLink’s staked ETH positions not only help generate passive returns for shareholders but also directly support Ethereum’s proof-of-stake architecture — a move that aligns the company with Ethereum’s long-term sustainability and scalability goals.
📈 What This Means for Wall Street
SharpLink’s pivot could be just the beginning of a broader wave of crypto treasury adoption. If Congress finalizes clear legislation for stablecoins and digital asset structure, Ethereum could become the go-to reserve asset for next-generation companies seeking programmable liquidity and decentralized infrastructure.
With ETH prices stabilizing above $2,700 and institutional interest at record highs, SharpLink’s bet may position it not just as a pioneer, but as the first of many corporate ETH whales.