SharpLink Gaming Announces Historic Ethereum Purchase
Date: 2025-06-16 Author: Gabriel Deangelo Categories: BUSINESS
SharpLink Gaming announced that it has acquired a significant amount of Ethereum, spending an average of $2,626 per ETH. This makes it the largest Ethereum holder among companies listed on Nasdaq. The management emphasized that the implemented strategy was an important part of a new treasury policy focused on investing in the second-largest cryptocurrency by market cap.
To implement its plans, the company has raised an additional $79 million in funding. Most of this amount will be used to further increase Ethereum reserves, which is in line with SharpLink Gaming’s long-term goals of strengthening its position in the crypto industry.
SharpLink Gaming CEO Rob Fithian said that the company views Ethereum as the foundation of tomorrow’s digital economy. According to him, the decision to include cryptocurrency among the company's key assets demonstrates its confidence that blockchain technologies will become a sustainable source of income in the future. Fithian noted that the choice of ether as a reserve asset reflects the company's strategic belief in the development of decentralized solutions.
Earlier, The Block analysts noted that Ethereum remains an undervalued asset for most large institutional investors, despite its high market capitalization. In their opinion, the interest of companies like SharpLink Gaming can be an important step towards changing the perception of cryptocurrencies among traditional financial institutions.
Thus, SharpLink Gaming's move not only strengthened its position in the crypto market, but can also influence the attitude of institutional investors towards digital assets in general. Experts believe that such initiatives can accelerate the integration of cryptocurrencies into the traditional financial system.
