SharpLink Acquires $463M in Ether, Shares Remain 66% Lower

SharpLink Gaming (SBET), the public firm pivoting to a crypto treasury strategy focused on Ethereum, revealed on Friday it acquired 176,271 ether ETH for nearly $463 million.The purchase makes the firm the largest ETH holder among publicly traded companies, SharpLink said in a press release.The company tapped its $1 billion at-the-market (ATM) common stock share facility for $79 million to help fund the ETH acquisition.The ETH purchase announcement came on the heels of a Thursday regulatory filing that potentially enabled investors in the firm's private placement round to sell shares, sending stock prices down 70% after market hours source: https://www.coindesk.com/business/2025/06/13/sharplink-acquires-463m-in-ether-shares-remain-66-lower