SharpLink Gaming has acquired 176,271 Ether for $463 million, becoming the world’s largest publicly traded holder of ETH

SharpLink Gaming, a Nasdaq-listed sports betting platform, has acquired 176,271 Ether (ETH) worth $463 million, making it the world's largest publicly traded holder of ETH. This move marks a significant milestone in the adoption of digital assets by public companies. SharpLink plans to deploy over 95% of its ETH in staking and liquid staking platforms, earning yield while contributing to Ethereum's network security.

However, the Ethereum Foundation and BlackRock, among others, still hold more ETH than SharpLink. The company's share price has been affected by controversy surrounding its ETH strategy, with a recent 73% drop in share value due to a misunderstanding about an SEC filing.