SharpLink Gaming Acquires $81 Million in Ethereum, Boosting Market Confidence

Gaming company SharpLink Gaming has made a significant move in the cryptocurrency market with a purchase of $81 million worth of Ethereum (ETH). This acquisition comes as the price of Ethereum experienced a 7% rise following the announcement. Led by Joseph Lubin, co-founder of Ethereum, SharpLink’s CEO Joseph Lubin acquired approximately 19,271 ETH through a stock offering completed in October 2025. The move solidifies their position as a major stakeholder in Ethereum’s growth. 7% price surge on the day of the purchase demonstrates how market confidence is bolstered by increased institutional investment.