Nasdaq-listed SharpLink Gaming Inc. (SBET) has raised $400 million in a strategic capital raise, increasing its Ethereum (ETH) holdings to over $3 billion. The move spotlights escalating institutional endorsement of ETH as a core treasury asset amid growing corporate adoption trends.
Ethereum’s price surge of 44.5% over the past month provided a strong backdrop for the investment. ETH rallied from under $3,000 to surpass $4,300, currently stabilizing at $4,278 according to market data.
This substantial allocation reinforces Ethereum’s positioning within institutional treasury strategies and signals wider confidence in ETH’s long-term market viability. SharpLink’s expansion of digital asset reserves exemplifies the accelerating integration of cryptocurrencies into corporate financial frameworks.