SharpLink Bets Big on Ethereum: First Nasdaq Company to Adopt Cryptocurrency as Reserve Asset

In a significant move, sports betting company SharpLink has positioned ethereum as its primary reserve asset, acquiring 463 million dollars worth of ETH. This decision marks the first instance of a Nasdaq-listed company adopting cryptocurrency for treasury management and could potentially spark a broader trend. 2023 saw Bitcoin emerge as a dominant reserve asset in corporate treasuries, but SharpLink’s choice to utilize ETH highlights a shift in strategy.