14-7-2025 – SharpLink Gaming, a NASDAQ-listed sportsbook marketing firm, purchased 16,374 ETH valued at $48.85 million on July 13, 2025, strengthening its Ethereum-focused treasury strategy, according to on-chain data from Arkham Intelligence. The transaction, sourced from Galaxy Digital’s over-the-counter trading desk, marks another significant step in the company’s aggressive pivot toward cryptocurrency reserves.
Led by Ethereum co-founder Joseph Lubin, SharpLink has amassed over 270,000 ETH, worth approximately $717.7 million, making it the largest publicly traded corporate holder of Ethereum, surpassing even the Ethereum Foundation. The acquisition follows a $25.7 million purchase of 10,000 ETH from the Foundation on July 11 and a $64.24 million buy of 21,487 ETH the next day. The company’s stock surged 17.15% last Friday, reflecting market enthusiasm for its Ethereum-centric approach.
SharpLink’s strategy, initiated in late May with a $425 million private placement led by Consensys, involves staking and restaking ETH to support Ethereum’s network security and decentralization. The firm’s rapid accumulation, totaling over $180 million in ETH purchases in five days, has contributed to Ethereum’s price rebound above $3,000, driven by growing institutional interest in DeFi and staking.
