Ethereum's MicroStrategy is Born! The Giant Company Purchases Huge Amounts Again: Becomes the Largest Institutional ETH Holder!

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

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

According to the official announcement, Sharplink Gaming announced that it purchased 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 public $ETH holder in the world and the second largest holder after the Ethereum Foundation.

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

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

“Increasing SharpLink’s $ETH holdings underscores our forward-thinking approach to creating long-term value for our shareholders,” said Joseph Lubin, SharpLink Chairman and Ethereum Co-Founder. “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 shareholders.”

*This is not investment advice.