Second Only to the Ethereum Foundation
The mammoth transaction puts SharpLink just behind the Ethereum Foundation in Ether ownership—an unprecedented leap for a public company. But SharpLink isn’t stopping there.
Also on Friday, the firm announced it had raised $79 million in gross proceeds via its at-the-market facility, signaling intent to funnel more capital into Ether and possibly secure an even greater foothold in the blockchain landscape.
Timing the Market — Or Timing the Future?
This strategic play unfolds as Congress inches toward passing pivotal legislation on stablecoins and digital asset market structure. As U.S. lawmakers begin to build guardrails around crypto, SharpLink is sprinting ahead—cementing its position as a trailblazer for institutional adoption of decentralized finance.
Joseph Lubin, SharpLink chairman and Ethereum co-founder, hailed the move as a major step in the evolution of blockchain:
“SharpLink’s strategy is not just bold—it’s catalytic,” Lubin said. “They’re helping secure Ethereum and earning more Ether while doing it. That’s institutional alignment with a mission.”
