The post SharpLink Gaming Acquires 176,270 Ethereum for $463 Million – Coincu appeared on BitcoinEthereumNews.com.

Key Points: SharpLink Gaming’s $463M Ethereum purchase, CEO Rob Phythian’s role, and financial effects. SharpLink holds 176,270 ETH, 95% staked. Largest public company ETH holding worldwide. SharpLink Gaming, Inc. acquired 176,270 Ethereum (ETH) for approximately $463 million, establishing itself as the world’s largest publicly traded ETH holder. The acquisition marks a significant milestone for digital asset adoption by public entities while highlighting the advancing role of Ethereum. SharpLink Gaming Invests $463 Million in Ethereum SharpLink Gaming, Inc. has executed a landmark purchase, acquiring 176,270 ETH valued at nearly $463 million. Rob Phythian, CEO, played a central role in this strategic decision. This move positions SharpLink as the largest public holder of Ethereum, trailing only behind the Ethereum Foundation. By making Ethereum its primary treasury asset, SharpLink underscores its strong belief in ETH as a foundational infrastructure for digital commerce. With over 95% of its holdings now staked, SharpLink backs Ethereum’s network security while generating returns. The company’s focus on Ethereum represents a new approach to public treasury policies. “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, Chief Executive Officer, SharpLink Gaming SharpLink’s Treasury Strategy and Market Implications Did you know? SharpLink’s acquisition closely mirrors MicroStrategy’s strategy, making them the first NASDAQ company to prioritize ETH for treasury, similarly impacting ETH markets as MicroStrategy did with Bitcoin. According to CoinMarketCap, Ethereum (ETH) is currently priced at $2,555.77 with a market cap of $308.54 billion. Its 24-hour volume is $27.12 billion, showing a 2.29% change within that period. Over 60 days, ETH saw a substantial 56.90%…

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Filed under: News - @ June 14, 2025 3:25 am