Ethereum's MicroStrategy is Born! Huge Company Buys Large Amounts Again: Largest Institutional ETH Holder!

Sharplink Gaming, the Nasdaq-listed company that has been on the agenda for a while with its *Ethereum (ETH) purchase, announced that it has also purchased ETH.

Accordingly, the company purchased $30.7 million worth of ETH.

According to an official statement, Sharplink Gaming has announced the purchase of an additional 12,207 ETH for $30.6 million between June 16 and June 20, 2025, at an average price of $2,513 per Ethereum.***

With this acquisition, Sharplink Gaming increased its Ethereum holdings to 188,478 ETH.

And this acquisition makes the company the largest publicly traded ETH holder in the world and the second-largest holder after the Ethereum Foundation.

The company, which uses Ethereum assets in staking, stated that it has won 120 ETH rewards to date.

"As of June 20, 2025, 100% of SharpLink's ETH holdings have been used in staking solutions, and 120 ETH rewards have been created since the Company launched its ETH-focused treasury strategy on June 2, 2025. Since then, SharpLink has achieved ETH growth of 18.97% per share."

Joseph Lubin***, Chairman of the Board of Directors of SharpLink and Co-Founder of Ethereum***, said: *"Increasing SharpLink's ETH holdings underscores our forward-thinking approach to creating long-term value for our shareholders. This move reflects our confidence in the utility of Ethereum and our commitment to exploring transformative technologies that can create new value for our business and our shareholders." *

Today, SharpLink announces that our ETH holdings have further increased to 188,478, which were acquired at an average price of $2,513 per ETH. pic.twitter.com/reFHxplxA9

— SharpLink Gaming (@SharpLinkGaming) June 24, 2025

*Not investment advice.

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