SharpLink Gaming Acquires 176,271 ETH for $463 Million, Officially Becoming Largest Publicly-Traded ETH Holder

Core Insights - SharpLink Gaming, Inc. has strategically acquired 176,270.69 ETH for a total cost of $462,947,816, making it the largest publicly-traded holder of ETH globally, second only to the Ethereum Foundation [1][4] - The company has raised approximately $79 million through its at-the-market (ATM) facility, primarily to fund further ETH purchases, resulting in an 11.8% growth in ETH per share since June 2, 2025 [1][5] - Over 95% of SharpLink's ETH holdings are actively deployed in staking and liquid staking solutions, enhancing Ethereum's network security while generating yield [2] Treasury Strategy and Market Impact - SharpLink is the first Nasdaq-listed company to adopt a treasury reserve policy focused on ETH, aiming to provide shareholders with significant economic exposure to ETH and promote blockchain's transformative potential [4][6] - The company's CEO emphasized the foundational role of Ethereum in digital commerce and decentralized applications, indicating a strong belief in its future [3] Company Overview - SharpLink Gaming is headquartered in Minneapolis, Minnesota, and is recognized as a pioneer in developing a treasury strategy centered on ETH [6] - The company operates as a marketing partner for sportsbooks and online casino gaming operators, focusing on driving traffic and player acquisitions through its affiliate marketing network [7]