Publicly traded U.S. company SharpLink Gaming has become the largest institutional holder of Ethereum (ETH) with holdings totaling 270,000 ETH. This positions the firm above the Ethereum Foundation, which currently holds 242,500 ETH.
The significant accumulation of Ethereum underscores increasing corporate participation in cryptocurrency markets, reflecting institutional confidence in digital asset strategies.
After relevant disclosures, SharpLink Gaming’s native token SBET traded at $21.332 during after-hours activity, marking a slight downturn of 1.47%.