Ethereum Touted as ‘Foundational Layer for Global Finance’ by Firm With $500M ETH Bet

Key Points

1. Ether (ETH) is trading around $2,505, up 0.56% in the past 24 hours, with strong support at $2,500.

2. SharpLink Gaming announced its ETH treasury strategy, acquiring 198,478 ETH through purchases and staking, yielding over 220 ETH in rewards.

3. The company's strategic pivot includes a $425 million private placement led by Consensys to fund ETH acquisitions as its primary treasury asset.

4. SharpLink emphasizes ETH's advantages as a productive and composable corporate reserve asset, deploying it through staking, restaking, and yield strategies.

5. CEO Rob Phythian notes the upcoming Nasdaq closing bell ceremony on July 7, 2025, as a milestone for public market discipline and corporate transparency.