# SharpLink Announces $463M ETH Buy Following Thursday Selloff

*Author: Bankless*
*Published: Jun 13, 2025*
*Source: https://www.bankless.com/de/read/sharplink-announces-463m-eth-buy-following-thursday-selloff*

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SharpLink has acquired $463M in Ethereum, becoming the largest publicly traded ETH holder and highlighting the growing institutional adoption of ETH.

## **What’s the Scoop?**
- **Record Purchase**: SharpLink Gaming acquires 176,271 ETH for $463M, becoming the largest publicly traded Ethereum holder.
- **Treasury Strategy**: SharpLink has made Ethereum its primary treasury asset, similar to MicroStrategy's Bitcoin strategy.
- **Deployment in Yield**: Over 95% of the purchased ETH is being staked to generate yield and contribute to Ethereum's network security.
- **Stock Volatility**: SharpLink's stock experienced a major sell-off due to misunderstandings about SEC filings, causing shares to briefly plummet.