The post SharpLink Gaming Adopts Ethereum as Main Treasury Asset – Coincu appeared on BitcoinEthereumNews.com.

Key Points: SharpLink Gaming transitions its treasury strategy to Ethereum-led by Joseph Lubin. The move raises $425 million with stock soaring 945%. Lubin envisions bridging Ethereum with public markets. SharpLink Gaming has announced a significant treasury strategy shift, adopting Ethereum as its primary asset under the guidance of chairman Joseph Lubin. This move comes as SharpLink hosts a successful $425 million private investment, raising its stock by 945%. The change represents a substantial pivot for SharpLink, focusing now on Ethereum’s potential to balance public market investments with blockchain technology. Lubin, founder of Consensys and Ethereum co-founder, emphasized the strategic integration aims to enhance adaptability within the financial ecosystem. $425 Million Raised: SharpLink’s Ethereum Strategy Insights SharpLink Gaming disclosed its Ethereum treasury strategy with significant coordination by Joseph Lubin and Consensys Software Inc. The strategic move aligns with a $425 million raised through private investment and reflects a nuanced reshaping of their financial framework to incorporate blockchain assets. Market reactions observed include SharpLink’s share price climbing by approximately 945%, leaping from $2.79 to a peak of $50.06 in a single week. Lubin identified the effort as a unique opportunity to position Ethereum alongside traditional market structures, drawing investment interest from firms like Electric Capital and ParaFi. On close, Consensys looks forward to partnering with SharpLink to explore and develop an Ethereum Treasury Strategy and to work with them in their core business as a strategic advisor. This is an exciting time for the Ethereum community, and I am delighted to work with SharpLink CEO Rob Phythian and the team to bring the Ethereum opportunity to public markets. – Joseph Lubin, source Market Surge: SharpLink Shares Skyrocket 945% in a Week Did you know? SharpLink’s strategic initiative to utilize Ethereum mirrors MicroStrategy’s pioneering adoption of Bitcoin as a treasury reserve, underscoring a…

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Filed under: News - @ May 29, 2025 10:28 am