Largest corporate Ethereum holder SharpLink Gaming adds ETH worth $68 million

Nasdaq-listed SharpLink Gaming (SBET) acquired an additional 20,279 ETH ($68 million) on Wednesday, continuing its ether accumulation strategy after the company recently became the largest holder of the cryptocurrency.According to Arkham Intelligence data, SharpLink obtained 9,425 ETH from Galaxy Digital on Wednesday, and another 10,854 ETH from Coinbase Prime hours later.Data shows that during those hours, SharpLink moved 3,200 ETH to Figment's non-custodial staking service and 10,854 ETH to Liquid Collective's staking network.Originally a Minneapolis-based affiliate marketing and iGaming software firm, SharpLink began its Ethereum treasury strategy in late May, alongside a $425 million private placement led by crypto infrastructure developer Consensys. Joseph Lubin, Consensys CEO and Ethereum co-founder, became chairman of SharpLink.In recent weeks, SharpLink has been aggressively buying Ethereum, often in batches ranging from 10,000 ETH to 25,000 ETH.Earlier this week, the company announced that it became the largest corporate holder of ether, surpassing the Ethereum Foundation in holdings. As of July 15, SharpLink held 280,706 ETH in its treasury. EmberCN reported today that SharpLink currently holds 321,000 ETH.SharpLink Gaming's stock rose 29% on Wednesday to $37.38. In the past five days, SBET surged 113%, according to Google Finance data. Meanwhile, ether rose 7% in the past 24 hours to trade at $3,348, according to The Block's Ethereum price page.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.