Public Company Makes Bold Bet on Ethereum With $463M Investment

SharpLink Gaming has taken an aggressive leap into the crypto world by converting a significant portion of its capital reserves into Ethereum.

The company, traded on Nasdaq, has secured 167,000 ETH—valued at nearly $463 million—making it the largest public holder of Ethereum, second only to the Ethereum Foundation.

Rather than letting the assets sit idle, SharpLink has staked the overwhelming majority of its ETH, locking it into the network to earn rewards while supporting Ethereum’s security and functionality. The firm raised $79 million in fresh capital via a stock offering to help fund the acquisition.

In a strategic shift, Ethereum will now serve as SharpLink’s primary treasury reserve, signaling a firm commitment to blockchain infrastructure. CEO Rob Phythian described the move as a defining bet on Ethereum’s role in the future of digital finance, highlighting its utility as a yield-generating asset.

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The initiative also received strong backing from company president and Ethereum co-founder Joseph Lubin, who framed it as a pivotal moment in corporate crypto adoption. He pointed to ongoing U.S. legislative efforts around stablecoins and digital assets as a potential accelerator for broader Ethereum integration.

By actively participating in staking, SharpLink not only seeks long-term value but also reinforces the decentralized foundation of Ethereum’s global ecosystem.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.