In a groundbreaking move for the intersection of gaming and cryptocurrency, SharpLink Gaming, Inc. (Nasdaq: SBET) has solidified its position as the world's largest publicly traded corporate holder of Ethereum (ETH). The company recently announced a massive $73 million acquisition of ETH through Coinbase Prime, pushing its total holdings to an impressive 280,706 ETH as of July 13, 2025.
This latest purchase is part of a series of strategic investments, including a significant $413 million raise between July 7 and 11, 2025, to bolster its cryptocurrency treasury. SharpLink's accumulation strategy has not only overtaken the Ethereum Foundation but also marked a historic milestone in institutional crypto adoption.
Since launching its ETH-focused treasury strategy on June 2, 2025, SharpLink has earned 415 ETH in staking rewards, showcasing the potential for passive income through cryptocurrency holdings. The company has staked nearly all of its ETH, further demonstrating its commitment to maximizing returns on its digital asset portfolio.
The impact of this investment was immediately reflected in the market, with SharpLink's stock price (SBET) surging by 17.5% following the announcement. This rally signals growing investor confidence in the firm's innovative approach to blending online gaming, sports betting, and cryptocurrency investment.
SharpLink's bold pivot to ETH as its primary treasury reserve asset positions it as a pioneer among Nasdaq-listed companies. Industry experts suggest that this move could inspire other firms to explore crypto-focused treasury strategies, potentially reshaping corporate investment trends.
As SharpLink continues to expand its Ethereum holdings, the company remains a key player to watch in both the gaming and crypto sectors. This strategic bet on Ethereum underscores a transformative shift toward institutional interest in digital assets, setting a precedent for the future of corporate finance.
Maria Lourdes
