SharpLink Gaming acquires 176,271 ETH for $463M

SharpLink Gaming (SBET)announced the strategic acquisition of 176,270.69 ETH for an aggregate purchase price of $462,947,816 at an average acquisition price of $2,626 per ETH. This acquisition positions the Company as the largest publicly-traded holder of ETH in the world, and the second largest holder behind the Ethereum Foundation. In addition to the initial PIPE transaction from May 26, 2025, the Company also disclosed it raised an additional $79 million in approximate gross proceeds through its at-the-market facility. With a majority of the ATM proceeds used to fund further purchases of ETH, contributing to the total above, these collective purchases have generated ETH per share growth of 11.8% since June 2, 2025.