SharpLink Gaming Inc. (NASDAQ:SBET) has continued its aggressive expansion into digital assets with a fresh $66.63 million purchase of Ethereum (CRYPTO: ETH).
What Happened: The company acquired 18,680 ETH just minutes before the update was flagged by on-chain analytics platform Lookonchain.
With this transaction, SharpLink now holds 498,711 ETH, valued at approximately $1.81 billion at current prices, making it one of the most prominent corporate holders of Ethereum globally.
Founded in 2021 and publicly traded on the Nasdaq, SharpLink originally operated as a sports betting and iGaming technology provider.
Over the past year, however, the company has undergone a dramatic strategic pivot, focusing heavily on digital asset accumulation, particularly Ethereum, and repositioning itself as a crypto-native …