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SharpLink Gaming, a Nasdaq-listed company, is in the spotlight as one of the first public firms to build a treasury strategy centered around Ethereum (ETH). On July 29, 2025, SharpLink disclosed that its Ethereum holdings reached an impressive 438,190 ETH. In addition, the company raised $279.2 million in net proceeds through an at-the-market (ATM) offering during the week of July 21-25, reinforcing its aggressive accumulation strategy.
SharpLink’s move is seen by many analysts as a potential turning point for Ethereum’s institutional adoption. While Bitcoin has long dominated corporate treasury strategies, SharpLink’s pivot toward Ethereum signals a new narrative: using ETH as a strategic reserve asset. This approach is being closely watched
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