SharpLink Gaming has acquired 176,271 Ether for $463 million, becoming the largest publicly traded holder of ETH. The Nasdaq-listed sports betting platform announced that it now treats Ether as its primary treasury reserve asset, with over 95% of its holdings deployed in staking and liquid staking platforms.

The move mirrors Strategy’s Bitcoin acquisition strategy. In February, the company, formerly known as MicroStrategy, acquired 20,356 BTC for approximately $2 billion, funded through a convertible note offering. It later added more Bitcoin to its holdings.

SharpLink’s Stock Swings After ETH Announcement

While Strategy has positioned itself as a corporate Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term standard-bearer, SharpLink is taking a similar path with Ethereum. The firm said its ETH reserve is intended to offer shareholders direct economic exposure to the asset while supporting the Ethereum network through staking.

🚀💰 SharpLink Makes History, Acquiring $463M worth of ETH to Become the Largest Public ETH Owner https://t.co/6mJPLEDCWL

SharpLink Gaming is now the biggest publicly traded holder of ETH globally after buying $463M worth of Ether. This strategic move marks a significant… pic.twitter.com/ZO85KIzzU0

— Crypto Update IO 🚀 (@cryptoupdate_io) June 13, 2025

SharpLink’s strategy has sparked volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term. Its stock surged over 400% after announcing the ETH purchases in late May, only to drop sharply following an SEC filing that was misinterpreted as a mass selloff. Company executives later clarified that the filing was a routine registration, not insider selling.

You may find it interesting at FinanceMagnates.com: Saylor's Strategy Acquires 1,895 BTC for $180.3 Million; Bitcoin Forms Double Bottom.

NEW: METAPLANET OFFICIALLY PASSES BILLIONAIRE JACK DORSEY'S BLOCK TO BECOME 8th LARGEST #BITCOIN TREASURY COMPANY

THEY OWN 8,888 BTC AND COUNTING. THE RACE IS ON 🚀 pic.twitter.com/a1OzoMjsTY

— The Bitcoin Historian (@pete_rizzo_) June 2, 2025

Metaplanet Surpasses Block in Bitcoin Holdings

Another publicly listed firm, Metaplanet, has now become the eighth-largest corporate holder of Bitcoin, surpassing Block, Inc. The Tokyo-based company holds 8,888 BTC after acquiring 1,088 BTC at an average price of $104,079.

Its holdings have grown by 225% since the start of 2024, up from fewer than 2,000 BTC. The firm has funded its purchases through bond issuances, raising over 35 billion yen with the support of financial partner Evo Fund.