SharpLink Gaming buys $463 million in ETH, becomes No. 2 holder after Ethereum Foundation


Description

SharpLink Gaming acquired $463 million in Ethereum through a $425 million private placement led by Consensys, becoming the second-largest ETH holder after the Ethereum Foundation. However, its stock plunged 70% following an SEC filing for a potential 68 million share resale.

Publish date

June 13, 2025