SharpLink Gaming buys $49M of ETH as price rebounds past $3K

2025-07-14 12:35:36

Main Idea

SharpLink Gaming has purchased $49 million worth of ETH, becoming the largest known corporate Ether treasury, as ETH prices rebound past $3,000.

1. SharpLink Gaming acquired 16,370 ETH worth $48.7 million, bringing its total treasury to 198,300 ETH valued at nearly $608 million.

2. The company, chaired by Ethereum co-founder Joseph Lubin, pivoted to an Ether corporate treasury strategy in late May.

3. SharpLink Gaming now holds more ETH than the Ethereum Foundation, with 181,860 Liquid Staked ETH (LSETH) and 16,419 ETH.

4. Corporate Ether reserves across 50 participants total nearly 1.34 million ETH, valued at $4.1 billion.

5. Joseph Lubin stated that Ether treasuries are crucial for the Ethereum ecosystem's development, helping balance supply-demand dynamics.

Now the largest known corporate Ether treasury, SharpLink Gaming has acquired nearly $49 million worth of ETH.

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$ETH

$3000.15

+0.26%