SharpLink Becomes the World’s Largest Publicly-Listed Ethereum Holder

SharpLink Gaming announced it will spend $463 million to purchase 176,271 ETH tokens, becoming the second-largest Ethereum holder. It has already staked 95% of its held assets and will presumably repeat this pattern. However, this massive gamble may come at an inopportune time. Last night, when the company filed SEC paperwork related to the purchase, its stock price fell by 70%, and ETH subsequently crashed for unrelated reasons source: https://beincrypto.com/sharplink-ethereum-bet-price-woes/