SharpLink Gaming ranks first in ETH holdings, overtaking Ethereum Foundation

SharpLink Gaming, a Nasdaq-listed company implementing a treasury strategy focused on Ethereum (ETH), has surpassed the Ethereum Foundation as the largest holder of ETH, Jinse Finance reported, citing data from Strategic ETH Reserve. It was previously reported on July 14 that SharpLink Gaming acquired 16,374 ETH worth $48.85 million. Currently, the Ethereum Foundation holds 242,500 ETH, while Sharplink Gaming holds 270,000 ETH.