SharpLink Gaming Invests $463M in Ethereum, Becoming Top Public Holder
SharpLink Gaming, a Minneapolis-based firm that partners with online sportsbooks and casino gaming operators, has acquired 176,270.69 Ether for $463 million, the company unveiled on Friday. As a result of the acquisition, SharpLink Gaming becomes the largest publicly traded holder of Ether. This major step is already reverberating across the digital asset landscape.
The company’s decision is a big vote of confidence in Ethereum as the first and most widely adopted form of programmable, yield-bearing digital capital. Ethereum is the leading global blockchain platform for digital assets and applications. SharpLink Gaming’s tokenization is considered a watershed event, highlighting long-term conviction in crypto, notwithstanding recent turmoil in the market.
SharpLink Gaming has deployed greater than 95% of its Ethereum holdings in staking and liquid staking solutions. The company is actively boosting Ethereum’s security at the same time, all while earning native yield for their treasury. This strategic acquisition underscores SharpLink Gaming’s confidence in Ethereum’s potential and its intention to play a leading role within the blockchain’s burgeoning ecosystem.
"This is a landmark moment." - Rob Phythian, CEO of SharpLink
The acquisition represents SharpLink Gaming’s commitment to the Ethereum ecosystem and its confidence in the potential of the Ethereum blockchain. [Read more about why the company’s CEO, Rob Phythian, is so excited about this acquisition.]
"Ethereum is not just a blockchain—it’s digital infrastructure for a new financial era." - Rob Phythian, CEO of SharpLink
Nguyen Thi Hanh
Cryptocurrency Writer
Nguyen Thi Hanh channels progressive, pragmatic views into high-energy, approachable crypto journalism, delivering confident, animated articles with regional and global relevance. Her optimistic, party-going spirit helps translate complex blockchain ideas into viral, visually engaging stories. Outside of writing, she enjoys urban food adventures and organizing community hackathons.
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