SharpLink Expands Ethereum Holdings, Shares Surge

SharpLink Gaming, a Minneapolis-based publicly traded company, has expanded its Ethereum (ETH) treasury to 188,478 ETH, now valued at approximately $470 million, after purchasing an additional 12,207 ETH for about $30.7 million between June 16 and June 20, 2025. The acquisition was funded primarily through a $27.7 million at-the-market stock offering and follows a $425 million private placement led by ConsenSys, highlighting SharpLink's growing focus on digital assets. All ETH holdings are staked, earning 120 ETH in rewards since June 2, 2025, and resulting in an 18-19% increase in ETH per share. Joseph Lubin, chairman of SharpLink's board, co-founder of Ethereum, and CEO of ConsenSys, stressed the company's long-term blockchain strategy. SharpLink claims to be the largest publicly traded holder of Ethereum worldwide. The announcement boosted SharpLink's shares by over 11% in one day, though analysts note the stock remains volatile and potentially overvalued.