While most companies hoard Bitcoin in their treasuries, SharpLink Gaming is taking a different approach. The Minneapolis-based iGaming giant just acquired 74,656 ETH ($213 million) in a six-day buying spree, becoming the world’s largest corporate holder of Ethereum.

SharpLink’s Ethereum Playbook
✅ Total holdings: 280,706 ETH
✅ Average purchase price: $2,852 per ETH
✅ Staking rate: 99.7% of holdings (generating passive yield)
✅ Remaining war chest: $257M for future buys
“We’re not just holding ETH—we’re putting it to work,” the company stated.
Why Ethereum? The Yield Strategy
Unlike Bitcoin treasuries that sit idle, SharpLink is:
🔹 Earning 415 ETH in staking rewards (since June 2)
🔹 Outpacing share dilution (23% increase in ETH per share)
🔹 Creating a self-sustaining revenue stream
This turns Ethereum into both a growth asset and a cash-flow generator—a unique combo in corporate finance.
The Bigger Picture
SharpLink’s move reflects a growing trend:
1️⃣ Institutions want yield, not just price appreciation
2️⃣ Ethereum’s utility (DeFi, smart contracts) adds value
3️⃣ Staking makes crypto “productive” for balance sheets
What This Means for Crypto
SharpLink isn’t just betting on ETH’s price—it’s betting on Ethereum’s ecosystem. If more companies follow suit, we could see:
- More institutional ETH staking
- New corporate treasury models
- Stronger fundamentals for Ethereum
Will Bitcoin-only treasuries soon look outdated? SharpLink seems to think so.