According to @StockMKTNewz, SharpLink Gaming (SBET) has become the largest publicly traded holder of Ethereum (ETH) after increasing its treasury to 188,478 ETH. The company's latest acquisition involved purchasing 12,207 ETH for approximately $30.7 million, following an earlier purchase of 176,271 ETH for nearly $463 million. This strategic pivot to an ETH treasury was funded through a $450 million private placement from investors like ConsenSys and Pantera Capital, as well as its at-the-market (ATM) stock facility. Despite the aggressive accumulation of ETH, SBET's stock has been highly volatile, recently dropping 66% after a regulatory filing but remaining up approximately 500% since the strategy's inception. SharpLink has staked its entire ETH holdings, already earning 120 ETH in rewards, a move which Board Chairman and Ethereum co-founder Joseph Lubin says reflects confidence in Ethereum's utility. Current market data shows ETH trading around $2,442.

According to @lookonchain, publicly-listed gaming tech company SharpLink Gaming (SBET) has significantly increased its Ethereum treasury to 188,478 ETH. The source indicates that between June 16 and June 20, the firm purchased an additional 12,207 ETH for approximately $30.7 million, at an average price of $2,513 per coin. This transaction solidifies SharpLink's position as the largest publicly traded holder of Ether (ETH) globally, with holdings valued at around $470 million, as stated in the press release. The purchase was funded by raising $27.7 million through an at-the-market (ATM) stock offering. The company also reported it has staked all of its ETH holdings, earning 120 ETH in rewards so far. This corporate treasury strategy notably involves Ethereum co-founder Joseph Lubin, who serves as the firm's board chairman.