Several publicly traded companies, including SharpLink Gaming, are now adopting the Ethereum treasury company model, raising funds from investors to buy Ether. SharpLink Gaming has seen its stock soar 150% in the past 30 days, becoming the largest holder of Ether coins with over $960 million worth. Other companies are likely to follow suit.

The Ethereum treasury company model mirrors the successful Bitcoin model pioneered by Strategy, tapping capital markets to fund crypto purchases. The strategy relies on rising cryptocurrency prices for success. Ethereum has shown a 7% increase in 2025, but its long-term performance compared to Bitcoin remains to be seen. Only a handful of companies have embraced this strategy.

SharpLink Gaming’s success with the Ethereum treasury model has attracted attention, raising over $400 million for Ether purchases. With a significant amount still available for future investments, the company’s strategy is likely to influence other companies. The lower entry barrier for Ether compared to Bitcoin makes it appealing to small-cap firms.

Investing in Ethereum treasury companies carries risks, as seen with SharpLink Gaming’s stock fluctuations until its pivot to Ethereum. Companies like Bitmine Immersion Technologies and Bit Digital have also adopted this strategy, but their credibility in the crypto space remains in question. Due diligence is crucial before investing in these companies.

The Motley Fool Stock Advisor team does not recommend investing in Ethereum but has identified 10 other stocks with significant growth potential. Past recommendations have yielded impressive returns. It’s essential to analyze investment opportunities thoroughly before making decisions. Dominic Basulto has positions in Bitcoin and Ethereum, and The Motley Fool has positions in and recommends Bitcoin and Ethereum.

Read more at Nasdaq: Prediction: SharpLink’s Ethereum Move Is Just the Beginning