Ethereum-Powered Gaming Firm Unveils $475M Crypto Treasury Strategy
SharpLink Gaming, chaired by Joseph Lubin—CEO of Consensys and Ethereum co-founder—plans to build an Ethereum treasury by purchasing $475 million worth of ETH as its primary reserve.
To fund this, SharpLink is selling over 69 million shares of common stock. Lubin highlighted Consensys’s intent to partner with SharpLink as a strategic advisor to develop their Ethereum Treasury Strategy and bring Ethereum exposure to public markets.
SharpLink’s stock surged dramatically from $2.79 to $50.06 in five days before settling near $29.78, while Ethereum trades around $2,635.
Clever Robot News Desk 30th May 2025
Related Article
