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SharpLink Announces $463M ETH Buy Following Thursday Selloff

The firm, which is now the largest corporate holder of ETH, dropped 66% in after-hours trading Thursday.
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Jun 13, 2025 • 1 min read

SharpLink has acquired $463M in Ethereum, becoming the largest publicly traded ETH holder and highlighting the growing institutional adoption of ETH.

What’s the Scoop?

  • Record Purchase: SharpLink Gaming acquires 176,271 ETH for $463M, becoming the largest publicly traded Ethereum holder.
  • Treasury Strategy: SharpLink has made Ethereum its primary treasury asset, similar to MicroStrategy's Bitcoin strategy.
  • Deployment in Yield: Over 95% of the purchased ETH is being staked to generate yield and contribute to Ethereum's network security.
  • Stock Volatility: SharpLink's stock experienced a major sell-off due to misunderstandings about SEC filings, causing shares to briefly plummet.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

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There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.