Bitsky000
07/06 11:36
500 Million On Ethereum: When A Listed Company Cha
500 Million On Ethereum: When A Listed Company Changes The Rules Of The Game
While MicroStrategy popularized bitcoin as a store of value, SharpLink Gaming is revolutionizing the approach with Ethereum. The company holds 500 million dollars in ETH, which it presents as the “foundational layer of global finance.” A strategy that goes beyond a simple store of value.
A Revolution in Corporate Treasury Management
On July 4, 2025, SharpLink Gaming marked a historic turning point. This Nasdaq-listed company, specializing in marketing for online sports betting, became the first public company to adopt Ethereum (ETH) as its primary treasury reserve asset.
This decision is based on a 425 million dollar private placement conducted at the end of May by Consensys, a giant in the Ethereum ecosystem. To seal this strategic commitment, Joseph Lubin, co-founder of Ethereum and founder of Consensys, joined SharpLink’s board as chairman.
SharpLink’s ETH accumulation took place in several stages. Between late May and mid-June, the company acquired 176,271 ETH for a total of 463 million dollars, at an average price of 2,626 dollars per unit.
A few days later, it added an additional 12,207 ETH for 30.7 million dollars, partly financed by “At-The-Market” (ATM) stock sales.
As of July 1, the total treasury reached 198,478 ETH. Even more impressive: 100% of these assets are deployed in staking solutions, already generating more than 540,000 dollars in rewards since the launch of the strategy.
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