Positive

Ether (ETH) is trading at $2,505, up 0.56% in the last 24 hours. The CoinDesk 20 Index (CD20) rose 0.34% during the same period. SharpLink Gaming, Inc. (SBET) is a leading online marketing company in the sports betting and iGaming sectors, utilizing AI-driven strategies for customer acquisition and retention.

SharpLink became the first publicly listed company to adopt ETH as its primary treasury asset on July 4, 2025. The company aims to accumulate, stake, and grow ETH-per-share to create long-term shareholder value, marking a significant shift in traditional treasury management towards decentralized finance principles.

Following a $425 million private placement, SharpLink aggressively acquired approximately 176,271 ETH for $463 million between May 30 and June 12, 2025. Additional purchases of 12,207 ETH were made from June 16 to June 20 for $30.7 million, further boosting the company’s Ethereum holdings and staking rewards.

By June 24, SharpLink held 188,478 ETH, with all reserves deployed in staking solutions generating rewards. The treasury expanded to 198,478 ETH by July 1, yielding over 220 ETH in staking rewards since the strategy’s inception. The company is actively integrating Ethereum into its capital strategy for future growth and innovation.

ETH experienced a 2.2% gain from July 4 to July 5, climbing from $2,475.48 to $2,530.02. A sell-off briefly pushed ETH to $2,514.85 before finding support around $2,480-$2,500. The coin consolidated around $2,515 with signs of reduced volatility and a bullish recovery trendline, maintaining a structurally positive momentum.

Read more at Yahoo Finance: Ethereum Touted as ‘Foundational Layer for Global Finance’ by Firm With $500M ETH Bet