Sharplink is the largest publicly traded Ethereum investor at 176,271 ETH
- Sharplink Gaming is a leading company with 176,271 ETH and uses 95% to achieve earnings and to secure the Ethereum network.
- With a financing of $ 463 million in the back, Sharplink Ethereum uses treasury asset and thus achieves growth of 11.8 % ETH/share.
Sharplink Gaming, Inc. (Nasdaq: Sbet) officially acquired 176,270.69 ETH worth around $ 462.9 million. This step takes the company the world’s largest listed Ethereum holder.
More than 95 % of ETH are used to generate income and at the same time support the Ethereum network. The acquisition is followed by a private placement worth $ 425 million and a capital increase worth $ 79 million over an ATM factility (AT-The-Market).
Sharplink’s strategic Ethereum treasury step
According to a Press releasethe company From June 13, 2025, Sharplink Gaming acquired 176,270.69 ETH at an average price of $ 2,626 per ETH, including fees. The purchase was financed by a private placement that was completed on May 26, and additional funds were applied by the company’s ATM. The company collected $ 463 million, a large part of which flowed directly into the ETH purchase.
Sharplink now has more ETH than any other listed company and is therefore in second place after the Ethereum Foundation. According to the company, 95 % of ETH are used in staking and liquid staking solutions. This provides the company a native return and contributes to the safety of the Ethereum network. CEO Rob Phythian sagt:
“Ethereum is a basic infrastructure for the future of digital trade and decentralized applications. The determination of ETH as our primary reserve asset is a long-term bet on Ethereum as a programmable, return-specific capital. “
Joseph Lubin, co -founder of Ethereum and Supervisory Board of Sharplink, noticed:
“All of this happens at a time when legislation in the USA is pending in the USA and the structure of the market for digital assets. This could be the catalyst for a stronger institutional acceptance of Ethereum.”
Shareholder exposure and market reaction
The Sharplink treasury policy focused on Ethereum is the first of its kind among the companies listed on the Nasdaq. The company explained that this strategy was developed to offer shareholders a meaningful commitment in Ethereum.
From May 30th to June 12th, the company sold shares as part of its $ 1 billion ATM equity program and achieved a gross proceeds of $ 79 million. Most of this revenue was used to finance additional ETH purchases beyond the original private placement.
The company also announced that its ETH indicator per share has risen by 11.8 % since June 2, 2025. However, the reaction of the broad market was mixed. Sbet stocks In pre -exchanging trading on June 13, 66 % fell and even decreased by 73 % in the after -board trade on June 12th.
Despite the decline, according to Marketwatch data, the share has increased by 1,000 % last month and over 300 % since the beginning of the year. The company’s market capitalization is currently $ 1.93 billion. Despite the short -term price volatility, the interest of investors remains due to the strategic engagement in Ethereum and the active participation of the company on ETH uselarge .
Regulatory and corporate updates
The takeover and change of the Ministry of Finance come at a time when the US Congress The legislation for Stablecoin and the structure of the market of the digital assets driven. Industry insiders say that this could lead to a broader institutional acceptance of blockchain systems such as Ethereum.
On May 6, 2025, Sharplink carried out a composition of the share in a ratio of 1:12 in order to meet the minimum price requirements of the NASDAQ. The company also carried out a public stock issue worth $ 4.5 million to support the operating capital and general corporate purposes.
The company again fulfills the Nasdaq notification regulations and is monitored for a year to ensure that it continues to meet the requirements. The strategic realignment of Sharplink was also underlined by comments from investors, including Martin Shkreli, which pointed out to the limited stock of tradable shares on the market.
The Sharplink company based in Minneapoli continues to operate its Igaming-Affiliate marketing network PAS.NET and maintains partnerships with regulated sports betting and online casino operators. While the ETH treasury is new, the company continues to focus on digital marketing and player acquisition services in the online competition industry.
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