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SharpLink Gaming's $49 Million Bet on Ethereum Redefines ...
2025-07-14 16:55:11
Blockchain
Business
Companies

SharpLink Gaming's $49 Million Bet on Ethereum Redefines Corporate Crypto Holdings

SharpLink Gaming has made a significant investment in Ether (ETH), acquiring nearly $49 million worth as its price surged past $3,000. This purchase increases their total ETH treasury to 198,300, solidifying their position as the largest corporate holder of this cryptocurrency.

The company's strategic shift towards ETH was outlined in May, with Ethereum co-founder Joseph Lubin joining the board. Other firms, such as GameSquare, are also investing in Ethereum, highlighting a growing trend among corporations to hold ETH as a key asset.

With a total of over 1.2 million ETH in corporate treasuries worldwide, these transactions underscore the increasing institutional confidence in Ethereum's potential for long-term value growth and ecosystem development.

The press radar on this topic:

Cointelegraph.com News
14. Juli 2025 um 12:25

SharpLink Gaming buys $49M of ETH as price rebounds past $3K

SharpLink Gaming, a NASDAQ-listed sportsbook marketing firm, has acquired nearly $49 million worth of Ether (ETH) as the cryptocurrency's price rebounded past $3,000. This transaction brings SharpLink Gaming's total Ether treasury to 198,300 ETH, worth approximately $608 million, making it the largest known corporate Ether treasury. The company's pivot to an Ether corporate treasury was announced in late May, with Ethereum co-founder Joseph Lubin joining the board of directors. The move is seen..
Crypto.news
14. Juli 2025 um 09:39

SharpLink Gaming snaps up 38,000 ETH to boost treasury as price tops $3k

SharpLink Gaming, an iGaming firm, has made a series of large-scale Ethereum (ETH) purchases worth $113 million, accumulating a total of 270,000 ETH and becoming the world's second-largest holder of the asset. The firm believes ETH is the superior asset for corporate reserves and aims to activate its ETH holdings through staking, restaking, and Ethereum-based yield strategies to increase the value of its treasury and create long-term shareholder value. The latest purchases come as ETH reaches..
The Defiant
14. Juli 2025 um 07:37

Sharplink Buys ETH Worth $30 Million from Ethereum Foundation

Sharplink, a gaming company led by Ethereum co-founder Joseph Lubin, has purchased 10,000 ETH worth $30 million from the Ethereum Foundation in an over-the-counter transaction. This acquisition pushes Sharplink's Ethereum treasury above the $500 million mark, demonstrating the company's commitment to the long-term vision and health of the Ethereum ecosystem by removing supply from circulation.
The Street
15. Juli 2025 um 00:13

GameSquare Completes $5 Million Ethereum Purchase as Part of $100 Million Treasury Strategy

GameSquare, a media and tech company, has completed a $5 million Ethereum purchase as part of a $100 million treasury strategy. The company is leveraging Dialectic's Medici platform to target 8-14% yields on Ethereum ecosystem assets. The underwriter exercised the full over-allotment option, bringing total gross proceeds to $9.2 million. GameSquare plans to allocate capital to support additional ETH purchases, a potential share repurchase program, or reinvest in growth initiatives. The company's..
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