According to Joseph Lubin, SharpLink Gaming purchased 12,207 ETH for $30.7 million, increasing its Ethereum holdings to 188,478 ETH, as stated in a company press release. This acquisition was funded by a $27.7 million at-the-market offering, making SharpLink the largest publicly traded ETH holder globally with approximately $470 million in assets. Following a $450 million private funding round involving ConsenSys, Galaxy, and Pantera Capital, the company has staked all ETH, earning 120 ETH in rewards and reporting a nearly 19% increase in ETH per share, according to the company's disclosures. Lubin emphasized confidence in Ethereum's utility for unlocking business and stockholder value, which could signal bullish sentiment for ETH demand among institutional investors.