SharpLink Gaming Invests $463 Million in Ethereum, Becoming Second-Largest Holder

SharpLink Gaming Inc. made a significant move by acquiring $463 million worth of Ethereum, securing the company’s position as the second-largest holder globally behind the Ethereum Foundation. This announcement was made public on June 13th, 2025, and has impacted the company’s stock price negatively. The investment is part of SharpLink’s strategic shift towards incorporating digital assets into its financial strategy. The company aims to capitalize on Ethereum’s growth in decentralized commerce.