Ethereum News

Sharplink Gaming Unveils $463M Ethereum Treasury Strategy, Becomes Largest Public ETH Holder

by Crypto Hobby

Updated July 18, 2025

Ethereum coins with gaming controller atop digital currency. — a playstation control over a pile of crypto coins

Sharplink Gaming, a sports betting platform, has made headlines by announcing a groundbreaking $463 million Ethereum (ETH) treasury strategy, making it the largest publicly traded holder of Ethereum. This bold move involves acquiring 176,271 ETH coins, funded through private placements and equity sales, and marks a significant shift in corporate treasury management towards digital assets.

Sharplink's Landmark Ethereum Acquisition

Sharplink Gaming has committed to a substantial Ethereum-centric treasury strategy, opting for ETH over Bitcoin. This decision positions Sharplink as the first Nasdaq-listed company to anchor its treasury reserve policy on Ethereum. The acquisition, totaling 176,271 ETH, was financed through a combination of private placements and at-the-market equity sales, including $79 million raised since May 30.

Strategic Staking and Network Contribution

Approximately 95% of Sharplink's newly acquired Ethereum will be staked. This strategy is designed to generate yield while simultaneously enhancing the security and integrity of the Ethereum network. Rob Phythian, Sharplink’s CEO, hailed the ETH acquisition as a "landmark moment," emphasizing that Ether is now the "cornerstone of our treasury strategy."

Joseph Lubin, Sharplink chairman and Ethereum co-founder, echoed this sentiment, calling the strategy a "pivotal milestone" for institutional adoption. He highlighted that Sharplink's commitment to staking not only provides financial returns but also strengthens the Ethereum ecosystem, showcasing "innovation in action."

Key Takeaways

Sharplink Gaming is now the largest publicly traded holder of Ethereum.
The company acquired 176,271 ETH as part of a $463 million treasury strategy.
Funding for the acquisition came from private placements and equity sales.
Sharplink is the first Nasdaq-listed company to adopt an ETH-centric treasury policy.
Approximately 95% of the acquired ETH will be staked to generate yield and bolster network security.

Market Reaction and Volatility

Sharplink's announcement has generated significant market volatility. Following the initial ETH treasury announcement on May 27, the company's stock price surged by over 400%. However, a recent S-3 SEC filing led to a sharp 73% drop in after-hours trading, with shares plummeting from $32.53 to below $8. As of press time, SBET is trading at just over $10 a share. Meanwhile, Ethereum itself experienced a 7% dip on Friday, trading at $2,550, nearly erasing its weekly gains.