Marketing partner Sharplink Gaming’s shares grew by 7% on June 24 after the company announced an increase in its Ethereum holdings to more than 188,000 ETH. The share price growth comes after Sharplink’s latest announcement discloses it acquired 12,207 ETH for an average price of $2513 per token from June 16 to June 20, as per a company press release.
Alongside the acquisition, Sharplink raised $27.7 million through the sale of 2.54 million shares of the company’s stock. These proceeds are expected to be used for further acquisition of Ethereum for the company. Sharplink has deployed its Ethereum into staking solutions.
“Increasing SharpLink’s ETH holdings underscores our forward-thinking approach to creating long-term value for our stockholders,” said Board Chairman Joseph Lubin.
“As digital assets like ETH increasingly shape the future of finance and technology, we’re positioning SharpLink at the intersection of blockchain advancement and next-generation iGaming engagement. This move reflects our confidence in Ethereum’s utility and our commitment to exploring transformative technologies that can unlock new value for our business and stockholders, alike.”
Sharplink’s first acquisition was made on June 13, 2025, when the company bought a total of 176,270.69 Ethereum. The purchase made Sharplink the largest corporate holder of Ethereum.