Becomes the Largest Institutional ETH Holder!

Sharplink Gaming, a Nasdaq-listed company that has been on the agenda for a while with its Ethereum (ETH) purchase, announced that it has purchased ETH again.

Accordingly, the company purchased $30.7 million worth of ETH.

According to the official announcement, Sharplink Gaming announced that it purchased an additional 12,207 ETH for $30.6 million between June 16 and June 20, 2025, at an average price of $2,513 per Ethereum.

With this acquisition, Sharplink Gaming increased its Ethereum holdings to 188,478 ETH.

And this acquisition makes the company the largest public ETH holder in the world and the second largest holder after the Ethereum Foundation.

The company, which uses Ethereum assets for staking, stated that it has won 120 ETH rewards to date.

“As of June 20, 2025, 100% of SharpLink’s ETH assets have been used in staking solutions, with 120 ETH rewards created since the Company launched its ETH-focused treasury strategy on June 2, 2025. Since then, SharpLink has achieved 18.97% ETH per share growth.”

“Increasing SharpLink’s ETH holdings underscores our forward-thinking approach to creating long-term value for our shareholders,” said Joseph Lubin, SharpLink Chairman and Ethereum Co-Founder. “This move reflects our confidence in the utility of Ethereum and our commitment to exploring transformative technologies that can create new value for our business and shareholders.”

*This is not investment advice.