SharpLink Gaming, Inc. is disrupting the Cryptocurrency industry! Headquartered in Minneapolis, Minnesota, this publicly-traded (on Nasdaq) company is the largest acquirer on this list with an astounding 176,270.69 ETH purchased for $462,947,816. SharpLink finalized the acquisition on June 13, 2025. This milestone leaves the company poised to become one of the first Nasdaq-listed companies to adopt a treasury strategy incorporating ETH, with important implications for both SharpLink and the broader adoption of digital assets in the corporate world.

SharpLink Gaming announced a courageous strategic pivot. As believers in the transformative power of blockchain technology, they are committed to providing shareholders with a direct economic stake in ETH. The company sold ETH over the quarter at an average realization price of $2,026 per ETH. This acquisition is a notable affirmation of SharpLink’s confidence in the long-term value and utility of Ethereum.

The company is trading on Nasdaq under the ticker SBET. Through its iGaming affiliate marketing network, PAS.net, it actively fuels qualified traffic and player acquisition. SharpLink primarily targets U.S. regulated and global iGaming operator partners on a global basis.

SharpLink Gaming's decision to invest heavily in ETH is rooted in its conviction that Ethereum is foundational infrastructure for the future of digital commerce and decentralized applications. The company doesn’t see ETH as simply a digital asset, but as capital that is digital, programmable and yield bearing.

"This is a landmark moment for SharpLink and for public company adoption of digital assets. We believe Ethereum is foundational infrastructure for the future of digital commerce and decentralized applications. Our decision to make ETH our primary treasury reserve asset reflects deep conviction in its role as programmable, yield-bearing digital capital." - Rob Phythian

SharpLink Gaming has netted nearly $79 million in gross proceeds via its at-the-market (ATM) equity program. They used a large portion of this funding to acquire ETH. The majority of these funds will be used to purchase additional ETH. This decision further cements the company’s faith in its ETH-first treasury reserve policy. This policy makes ETH the company’s main treasury reserve asset.

Today, more than 95% of SharpLink’s ETH holdings are actively deployed in staking and liquid staking solutions. Through active involvement in these networks activities, SharpLink looks forward to playing an important role in Ethereum’s long-term security, while earning more ETH for the company.

"By allocating significant capital to ETH and deploying it in network activities such as staking, SharpLink is both contributing to Ethereum's long-term security and trust properties while earning additional ETH for that work." - Joseph Lubin

Joseph Lubin, CEO & CoFounder of ConsenSys and one of the founders of Ethereum, weighed in on SharpLink’s strategic play. He underscored this nature of the mechanism for driving institutional adoption of Ethereum. He noted the timing of the acquisition, coinciding with legislative developments in the United States regarding stablecoins and digital asset market structure.

"SharpLink's bold ETH strategy represents a pivotal milestone and innovative approach to the institutional adoption of Ethereum. It comes at a unique time when the United States Congress is moving towards passing significant stablecoin and digital asset market structure legislation. Hopefully, such legislation will serve as a catalyst for adoption of Ethereum technology, a decentralized network capable of many functions in the onboarding of the global economy." - Joseph Lubin

SharpLink’s proactive engagement with Ethereum’s upcoming network evolution through The Merge highlights the company’s long-term vision and commitment to the growing ecosystem innate within cryptocurrency. The company is a strong player in both staking and liquid staking, which further adds to their security and stability of the Ethereum network. This strategy creates more ETH, increasing its positive financial trajectory.

SharpLink’s strategic alignment with Ethereum’s infrastructure illustrates its profound insight into the evolving digital finance landscape. The new owner, OCI Asphalt, is committed to using cutting edge treatment techniques to improve asset management. The company’s policy on treasury reserve assets emphasizes ETH. This creative approach has the potential to reshape how corporations invest in the digital asset ecosystem.

SharpLink Gaming’s acquisition of ETH is a significant new milestone. It’s another step on the path toward digital assets becoming commonplace with publicly traded companies. Increasingly, businesses are taking the plunge into blockchain technology and digital currencies. SharpLink’s historic move may help pave the way for more robust institutional investment in the emerging crypto economy.

SharpLink's decision to allocate a significant portion of its treasury reserves to ETH signals a shift in corporate attitudes towards digital assets, recognizing their potential as a store of value and a means of generating yield. This move may inspire other companies to consider incorporating digital assets into their treasury management strategies, further driving the growth and maturation of the crypto market.

The company is driving qualified traffic and acquiring players through the company’s iGaming affiliate marketing network, PAS.net. This strategy pairs beautifully with its investment in ETH. By leveraging its expertise in the iGaming industry, SharpLink aims to capitalize on the growing interest in blockchain-based gaming and decentralized applications.

SharpLink’s strategic vision isn’t just about generating revenue, though. Its mission is to foster the development of blockchain technology and accelerate its adoption across industries and sectors. The firm envisions a world that harnesses the transformative potential of decentralized infrastructures. Their investment in ETH exemplifies this belief and further underscores the platform’s potential to transform entire industries while empowering everyday people.