SharpLink Gaming has substantially increased its corporate a $ a $ a $49 million ETH acquisition, acquiring 16,370 ETH. This strategic purchase elevates the company’s total Ethereum holdings to approximately 198,300 ETH, exceeding the Ethereum Foundation’s treasury size.
The company’s portfolio now includes 181,860 Liquid Staked ETH (LSETH), demonstrating its focused investment strategy in Ethereum-based assets. This expansion aligns with ETH’s recent price recovery above $3,000 and follows a $425 million private investment round designed to strengthen SharpLink’s financial position.
Newly appointed board chairman Joseph Lubin emphasized the importance of corporate ETH treasuries in balancing supply-demand dynamics and supporting decentralized applications. SharpLink’s move signals growing institutional confidence in Ethereum and may establish a framework for other companies considering cryptocurrency reserves.