SharpLink Gaming Stock (SBET): Largest ETH Holder on Wall Street

SharpLink Gaming now holds 176,271 ETH worth $463M, making it the top ETH holder among public firms. SBET stock plunged 70% after PIPE filing confusion.

Sharplink Gaming Ltd (NASDAQ:SBET), now the largest holder of Ethereum among publicly traded companies, has acquired 176,271 ETH for $462.9 million at an average price of $2,626 per ETH. This strategic investment has positioned it just behind the Ethereum Foundation in terms of total holdings. Notably, over 95% of its ETH assets are staked, yielding income and bolstering network security. The company raised $79 million through its $1 billion ATM equity program to partially fund this acquisition.

Following the announcement, SharpLink’s…

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