The Sharplink Gaming share price has spiked +10% overnight and +66% in the past five days as the Joe Lubin-led investment firm continues its recent Ethereum with a $73 million ETH buy directly from Coinbase Prime.
Yesterday’s (July 15) $73 million buy comes just four days after Sharplink (SBET) purchased 1,000 ETH, worth around $25.7 million at the time, directly from the Ethereum Foundation in an OTC deal.
Imagine you have a time machine to go back to invest in MSTR knowing Saylor's playbook.
That's playing out now with ETH pubcos like @SharpLinkGaming but instead of $126B mcap, $SBET is only a $1.8B mcap with 215k ETH (2.7x mNAV), rapidly buying ETH with ATM sales.
It is early. pic.twitter.com/ooJ0AKUXaf
— DeFi Dad ⟠ defidad.eth (@DeFi_Dad) July 14, 2025
Sharplink Gaming Share Price Continues To Rocket With The Firm’s Recent Pivot To An Ethereum Treasury Strategy
While Michael Saylor’s Strategy and Japan’s MetaPlanet are the faces of publicly listed companies buying Bitcoin as part of a treasury strategy, Sharplink Gaming (SBET) is the most prominent firm with an Ethereum treasury strategy.
To date, Sharplink owns over 270,000 ETH, making it the largest holder of Ethereum by any publicly traded entity. There are now several firms pivoting to an Ethereum strategy, and Ethereum co-founder and Sharplink Chairman Joseph Lubin has had this to say on the competition;
“Competition makes each of us stronger. Coordination makes us collectively better.
We are embarking on the era of collective capitalism in which builders (or leaders) build of, by and for the community — instead of in an adversarial and often exploitative relationship with their consumers (or citizens).
Collective capitalism is built on the foundations of radically free markets only possible on a permissionless, uncensorable, rigorously decentralized Layer 1 blockchain.”
BitDigital and BitMine, both former Bitcoin mining companies, have recently switched to an Ethereum Treasury strategy and so far have accumulated 100,600 and 163,000 ETH, respectively. BitMine are headed up by Tom Lee, a long-time Bitcoin maxi who has switched to being an Ethereum bull in recent times.
Sharplink Gaming’s share price is poised to rise further in the coming weeks, driven by the firm’s substantial ETH purchases and the ongoing increase in Ethereum’s cost, which has seen it reclaim $3,000 over the past few days.
One element of the Ethereum Treasury strategy that differs from Bitcoin is that ETH offers yield via native staking. For example, all ETH held by Sharplink is used in staking and restaking protocols to earn on-chain yield.
Between June 28 and July 4, it earned approximately 100 ETH through staking rewards, contributing to a total yield of around 322 ETH since the start of the program on June 2.
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$SBET acquires more ETH
↓
ETH pumps, $SBET stock rips↓$SBET rips, $SBET token sends
25M is coded from trenches pic.twitter.com/JSXPzY2U2s
— 🦧Mr. APE aka GEM Hunter💎 (@deg_ape) July 15, 2025
While Sharplink Gaming’s share price continues to soar as investors mark it as the perfect beta play to Ethereum, a new meme coin with the SBET ticker has emerged, built on Ethereum, and has seen its recent success, albeit on a smaller scale.
It should be noted that the SBET meme coin has no affiliation with the Sharplink Gaming firm and has a market cap of around $6.9 million, while the Sharplink stock has a market cap of $1.7 billion.
The SBET meme coin is a riskier beta play to the official stock and has experienced volatile price swings since launching on May 29. However, whenever Sharplink Gaming announces a large ETH buy, the SBET meme coin tends to experience price spikes.
HYLQ Strategy Corp. Is The First Publicly Traded Hyperliquid Treasury Firm
We purchased an additional 5,000 $HYPE
Avg Price: $37.12 USD
Purchase Total: $185,614.04 USD$HYLQ now owns 25,387.685 $HYPE
We're just getting started!
Hyperliquid. pic.twitter.com/3yhXdbBqWX
— HYLQ (@HYLQstrategy) June 26, 2025
HYLQ Strategy Corp. is a Canadian-based investment holding company focused on investing in high-growth technology sectors. Investors in HYLQ benefit from a one-stop stock holding that features a diversified portfolio of technology and cryptocurrency-oriented companies.
The company changed its name from Tony G Co-Investment Holdings Ltd. in June 2025, and is now primarily concentrated on blockchain technology, cryptocurrencies, payment processing, online commerce, and the online gaming industries.
HYLQ is publicly traded on the Canadian Securities Exchange (CSE) under the ticker symbol “HYLQ” and has the potential to list on NASDAQ in the coming months, presenting an opportunity for high growth.
Headquartered in Mississauga, Ontario, HYLQ Strategy Corp. aims to identify and invest in promising ventures within highly innovative fields.
This is evidenced by its recent significant investments in the HyperLiquid ecosystem, a decentralized finance (DeFi) platform. This strategic move underscores the company’s commitment to capitalizing on the burgeoning opportunities within the digital asset space.
Modelled after the corporate treasury playbook pioneered by Michael Saylor, HYLQ deploys capital into $HYPE, a high-performance Layer-1 protocol with its full spectrum DeFi platform and game-changing decentralized exchange, Hyperliquid.
HYLQ was the first public company in the world to hold Hyperliquid’s HYPE token, giving it a first-mover advantage in this emerging space and reflecting its strong conviction in permissionless and high-performing financial infrastructure.
With Saylor’s Strategy valued at $126 billion and even Sharplink Gaming’s market cap sitting at $1.8 billion, HYLQ represents an enticing opportunity due to its being valued at just $30 million and cornering the market as the first firm adopting a Hyperliquid Treasury Strategy.
Learn How To Buy HYLQ Stock Here
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