SharpLink Invests $463 Million in Ethereum, Becomes Industry Leader

Gaming company SharpLink has made a bold move by acquiring $463 million worth of Ethereum (ETH), marking a significant shift towards blockchain infrastructure within corporate treasuries. This landmark acquisition positions ETH as the primary asset within their treasury. 95% of SharpLink’s ETH holdings are currently staked, contributing to the Ethereum network’s security and generating yield. SharpLink’s leadership team includes CEO Rob Phythian, a veteran in the blockchain space, and Chairman Joseph Lubin, co-founder of Ethereum. This move positions them as leaders in digital asset strategy and could drive broader adoption of ETH by other public companies.