Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • Ethereum gas fees surge to 36.7 Gwei amid rising network demand
    • Tether mints $3B in fresh USDT as market cap hits record $160B
    • House advances major crypto bills in close 217-212 vote
    • Russia approves digital ruble rollout for 2026
    • XRP surges to $3.06 as GENIUS act advances
    • SharpLink Gaming boosts Ethereum holdings with $35.6M purchase
    • Trump-backed world liberty financial token approved for public trading
    • Wintermute runs low on Ethereum as OTC demand surges
    Coin Track DailyCoin Track Daily
    • News

      Ethereum gas fees surge to 36.7 Gwei amid rising network demand

      6 minutes ago

      Tether mints $3B in fresh USDT as market cap hits record $160B

      1 hour ago

      Russia approves digital ruble rollout for 2026

      6 hours ago

      XRP surges to $3.06 as GENIUS act advances

      12 hours ago

      SharpLink Gaming boosts Ethereum holdings with $35.6M purchase

      12 hours ago
    • Markets

      Ethereum breaks $3,200 resistance with 5% surge amid market recovery

      07/16/2025

      XRP surges to $2.93 as Ripple’s legal win and banking license bid fuel rally

      07/16/2025

      Bitcoin soars past $122K to set new all-time high

      07/14/2025

      Bitcoin breaks above $119,000 in fresh rally

      07/13/2025

      Hyperliquid hits $10.6B in open interest as HYPE token soars to $47 all-time high

      07/13/2025
    • Finance

      Markets bet on September rate cut as Trump signals possible Powell removal

      07/17/2025

      Standard Chartered becomes first global bank to launch Bitcoin and Ethereum spot trading

      07/15/2025

      DDC enterprise raises $528M to buy 5,000 BTC, joins corporate Bitcoin race

      07/02/2025

      Digital assets weather geopolitical storm as Bitcoin reasserts dominance

      06/28/2025

      Bitcoin holds firm above $100K as US dollar slides amid Iran-Israel ceasefire

      06/26/2025
    • Opinion

      Blockchain should liberate, not colonize: Gaza land tokenization proposal Is a moral catastrophe

      07/08/2025

      Why Bitcoin shouldn’t be taxed like property the government didnt build

      07/06/2025

      The Emperor’s new coins: Trump’s crypto empire and the fight for Bitcoin’s soul

      07/03/2025

      Why America’s bitcoin champions are building elsewhere

      07/01/2025

      Circle’s bank ambitions could be the beginning of the end for shadow stablecoins

      07/01/2025
    • Policy

      House advances major crypto bills in close 217-212 vote

      1 hour ago

      U.S. house advances 3 major crypto regulation bills toward final vote this week

      07/15/2025

      U.S. regulators authorize banks to custody Bitcoin and crypto assets in major policy shift

      07/15/2025

      Senate passes Trump’s tax bill without crypto amendments after 51–50 vote

      07/02/2025

      Kazakhstan unveils state-backed crypto reserve plan to pioneer sovereign digital asset strategy

      06/30/2025
    • Tech
      1. Learn
      2. View All

      Reclaiming your digital self: How blockchain Is redefining online identity

      05/27/2025

      Navigating the crypto minefield: How to spot and avoid fraudulent investment platforms in 2025

      05/15/2025

      The dark art of cryptocurrency price manipulation: How scammers exploit the market

      04/28/2025

      What is a Stablecoin?

      04/04/2025

      Coinbase partners with Perplexity AI to deliver real-time crypto market insights

      07/11/2025

      Vitalik Buterin unveils ‘Pluralistic identity’ to redefine digital privacy and inclusion

      06/29/2025

      RippleX launches XRP ledger v2.5.0 with TokenEscrow, batch processing & permissioned DEX

      06/26/2025

      Ethereum EIP-7782 aims to halve block time to 6 seconds by 2026

      06/24/2025
    Coin Track DailyCoin Track Daily
    Home » SharpLink becomes largest public ETH holder with $463M Ethereum treasury strategy
    News 06/13/2025

    SharpLink becomes largest public ETH holder with $463M Ethereum treasury strategy

    3 Mins ReadEdie DamionBy Edie Damion
    Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit
    Share
    Facebook Twitter LinkedIn Pinterest Email Reddit
    13-6-2025 –  SharpLink Gaming, a sports betting platform listed on Nasdaq, has solidified its position as the world’s largest publicly traded holder of Ether (ETH), amassing 176,271 coins at a total cost of $463 million. The acquisition, announced on Friday, marks a bold step in corporate adoption of cryptocurrency, with the company positioning ETH as its primary treasury reserve asset. This strategic pivot, funded through a blend of private placements and at-the-market equity sales—including $79 million raised since May 30—saw SharpLink secure its Ether at an average price of $2,626 per coin.

    Over 95% of SharpLink’s ETH holdings now staked

    The company has wasted no time in putting its newfound assets to work, with over 95% of its ETH holdings now engaged in staking and liquid staking platforms. This approach not only generates yield but also bolsters the security of Ethereum’s network, aligning financial gain with technological contribution. Rob Phythian, SharpLink’s CEO, hailed the move as a “landmark moment” for both the company and the broader landscape of public companies embracing digital currencies. “Ether is now the cornerstone of our treasury strategy,” Phythian declared, underscoring the firm’s confidence in Ethereum’s long-term potential.

    Chairman Joseph Lubin: ‘Capital allocation meets ecosystem contribution’

    Drawing parallels with MicroStrategy’s well-documented Bitcoin accumulation, SharpLink’s ETH-centric strategy is a first among Nasdaq-listed firms. The company aims to provide its shareholders with significant exposure to Ethereum’s economic upside, a vision articulated by SharpLink chairman and Ethereum co-founder Joseph Lubin. He described the strategy as a “pivotal milestone” in institutional adoption, noting that SharpLink’s commitment to staking not only enhances Ethereum’s network integrity but also generates additional ETH rewards. “This is innovation in action—capital allocation that serves both corporate growth and the Ethereum ecosystem,” Lubin added.

    Stock volatility follows SEC filing confusion

    However, SharpLink’s audacious strategy has sparked volatility and debate. Following the company’s initial ETH treasury announcement on May 27, its share price surged by over 400%, reflecting investor enthusiasm. Yet, a recent S-3 SEC filing triggered a sharp 73% drop in after-hours trading on Thursday, as shares plummeted from $32.53 to below $8. The sell-off stemmed from a misinterpretation of the filing, which outlined the potential resale of 58.7 million shares by private investment in public equity (PIPE) participants. Lubin was quick to clarify that this was a standard regulatory step, not an indication of insiders cashing out, and the stock later regained some ground.
    Despite SharpLink’s dominance among publicly traded ETH holders, it is not the largest overall. The Ethereum Foundation, for instance, holds 214,129 ETH, valued at $594 million, according to Arkham data. Meanwhile, BlackRock’s iShares Ethereum Trust ETF manages a staggering 1.7 million ETH—worth approximately $4.5 billion—on behalf of its clients, dwarfing SharpLink’s holdings but operating in a different capacity.
    SharpLink’s embrace of Ether mirrors a broader trend of corporate crypto adoption, reminiscent of Strategy’s Bitcoin playbook, but with a distinct focus on Ethereum’s unique attributes. 
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit

    Related Posts

    News 6 minutes ago

    Ethereum gas fees surge to 36.7 Gwei amid rising network demand

    News 1 hour ago

    Tether mints $3B in fresh USDT as market cap hits record $160B

    News 6 hours ago

    Russia approves digital ruble rollout for 2026

    About Us
    • Contact Us
    • Privacy Policy
    • Terms & Condition
    Categories
    • Finance
    • Learn
    • Markets
    • News
    • Opinion
    • Policy
    • Tech
    Facebook X (Twitter)
    © 2025 Coin Track Daily Latest News.

    Type above and press Enter to search. Press Esc to cancel.

    • bitcoinBitcoin(BTC)$118,792.30-0.35%
    • ethereumEthereum(ETH)$3,414.963.84%
    • rippleXRP(XRP)$3.269.06%
    • tetherTether(USDT)$1.000.02%
    • binancecoinBNB(BNB)$720.862.93%
    • solanaSolana(SOL)$174.040.86%
    • usd-coinUSDC(USDC)$1.000.00%
    • staked-etherLido Staked Ether(STETH)$3,410.913.83%
    • dogecoinDogecoin(DOGE)$0.2141233.81%
    • cardanoCardano(ADA)$0.805.47%