SharpLink Gaming has significantly increased its Ethereum treasury, acquiring over $30 million in ETH recently. The firm now holds approximately $461 million worth of Ethereum, with a total of 188,478 ETH. This acquisition was made by purchasing 12,207 ETH at an average price of $2,513 between June 16 and 20. All of the firm's ETH is actively deployed in staking platforms, generating rewards of 120 ETH to date. The company's Chairman, Joe Lubin, expressed confidence in Ethereum's utility and a commitment to leveraging new technologies for business growth. Following this announcement, shares of SharpLink surged over 11%, though they remain down 72% from a month prior due to a market selloff attributed to a misunderstood SEC filing.

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