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SharpLink Gaming’s stock fell over 70% on June 12 after an SEC S-3 shelf prospectus filing revealed a potential resale of 68 million common shares
Rob Phythian, CEO of SharpLink Gaming, said the firm’s Ethereum-centric treasury strategy provides shareholders with direct exposure to ETH and underpins its long-term commitment to programmable digital capital
SharpLink Gaming, a sports betting platform, acquired 176,271 ETH for approximately $463 million, becoming the world’s largest publicly traded Ether holder
SharpLink Gaming is the second-largest known Ethereum holder, according to Arkham Intelligence data, trailing only the Ethereum Foundation’s 214,129 ETH treasury valued at over $540.7 million
Rob Phythian, CEO of SharpLink Gaming, described the company’s Ether acquisition as a foundational, long-term commitment that demonstrates deep confidence in ETH’s role as core infrastructure for digital commerce and decentralized applications

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