According to Joseph Lubin, Chairman of SharpLink Gaming, the company has increased its Ethereum (ETH) holdings to 188,478 ETH through a $30.7 million purchase, reflecting confidence in ETH's utility as stated in the press release. The acquisition of 12,207 ETH at an average price of $2,513 per coin was funded by a $27.7 million ATM offering, with SharpLink staking all its ETH to earn 120 ETH in rewards and reporting a nearly 19% increase in ETH per share, potentially boosting ETH demand and prices.