Sharplink Gaming has significantly increased its stake in Ethereum, acquiring an additional 12,648 ETH.
The purchase, valued at approximately $35.31 million, elevates the company’s total Ethereum holdings to over 222,000 ETH.
Sharplink Gaming acquired these assets at an average cost of $2,617 per ETH.
The company’s substantial and growing Ethereum portfolio has drawn comparisons to MicroStrategy’s well-known Bitcoin strategy, positioning Sharplink Gaming as a major institutional holder demonstrating strong confidence in Ethereum’s long-term value.