SharpLink Gaming has significantly increased its holdings in Ethereum, bringing its total to approximately 205,634 ETH, valued at over $527 million. This move comes as the company follows the model initiated by Strategy, a firm recognized for its substantial Bitcoin investments. Recently, SharpLink's stock saw a 26% increase, trading near $16 per share. The company acquired an additional 7,689 ETH between June 28 and July 4 at an average price of $2,501 per coin and raised nearly $64.2 million through a concurrent share sale. Joe Lubin, SharpLink's Chairman and co-founder of Ethereum, emphasized their commitment to innovative treasury strategies and transparency metrics, enhancing value for shareholders. As more companies, particularly in the Nasdaq, adopt cryptocurrency into their balance sheets, SharpLink continues to carve a path as one of the newer entrants into this market, alongside Strategy, whose Bitcoin reserves recently surged to over $65 billion. The article highlights trends among financial firms increasingly seeking digital asset exposure as a part of their growth strategy.

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