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Thanh_TDo
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SharpLink Gaming buys $463 million in ETH, becomes No. 2 holder after Ethereum Foundation Minnesota-based affiliate marketing firm SharpLink Gaming (ticker: SBET) purchased 176,270.69 ETH for about $463 million as part of an effort to grow its Ethereum treasury strategy. The purchase positions SharpLink behind only the Ethereum Foundation, the independent organization overseeing the Ethereum ecosystem, which holds 214,129 ETH valued at over $540.7 million, according to crypto data tracker Arkham. "This is a landmark moment for SharpLink and for public company adoption of digital assets,” said SharpLink Gaming CEO Rob Phythian in a Friday statement. “We believe Ethereum is foundational infrastructure for the future of digital commerce and decentralized applications. Our decision to make ETH our primary treasury reserve asset reflects deep conviction in its role as programmable, yield-bearing digital capital.”
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