SharpLink Gaming acquired 74,656 Ethereum worth $213 million, becoming the largest corporate Ethereum holder globally.
Currently holding 280,706 ETH, with 99.7% staked earning 415 ETH in rewards since implementing the strategy in June.
Their 'ETH Concentration' metric increased by 23% to 2.46 ETH per 1,000 diluted shares since mid-June.
SharpLink funded the purchase through its At-The-Market share issuance program, with plans to potentially allocate the remaining $257 million to buy more ETH.