SharpLink Gaming (NASDAQ: SBET), a sports gaming technology firm chaired by Ethereum co-founder Joseph Lubin, has resumed its aggressive Ethereum accumulation strategy after a month-long pause.
On October 27, 2025, the company purchased 19,271 ETH for approximately $78.3 million at an average price of around $4,060 per token, according to on-chain data from analytics firm Lookonchain. This acquisition was funded through a recent $76.5 million direct stock offering, completed on October 17.
The move elevates SharpLink’s total ETH holdings to 859,853 tokens—comprising 601,143 native ETH and 258,710 ETH equivalents from liquid staking tokens—valued at over $3.6 billion at current prices ETH trading above $4,200.
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This positions SharpLink as the second-largest corporate ETH holder globally, trailing only BitMine Immersion Technologies. Over 95% of its holdings are staked to generate yield, aligning with the company’s equity-only treasury approach that avoids debt.
This purchase signals renewed institutional confidence in Ethereum amid its price rebound, potentially influencing market sentiment as corporate adoption grows. SharpLink’s “ETH Concentration” metric—measuring ETH per diluted share—has doubled since June 2025, benefiting shareholders without additional dilution.
The firm’s strategy, backed by a $425 million private placement led by ConsenSys in June, underscores Ethereum’s role in modern corporate treasuries, similar to MicroStrategy’s Bitcoin playbook.
JPYC Inc. Launches World’s First Regulated Yen-Pegged Stablecoin
Tokyo-based fintech JPYC Inc. officially debuted JPYC, the world’s first fully regulated stablecoin pegged 1:1 to the Japanese yen (JPY). Issued under Japan’s revised Payment Services Act and licensed by the Financial Services Agency (FSA), the token is backed entirely by yen-denominated bank deposits and Japanese Government Bonds (JGBs), ensuring full redeemability and stability.
Users can mint or redeem JPYC via the new JPYC EX platform, with an initial daily limit of 1 million yen (~$6,600) per user and zero transaction fees for the first year to drive adoption.
Deployed on Ethereum, Polygon, and Avalanche blockchains, JPYC aims to enable low-cost, near-instant cross-border payments and settlements, reducing Asia’s dependence on USD-pegged stablecoins like USDT and USDC. JPYC Inc. targets issuing 10 trillion yen ~$66 billion worth of the token within three years, earning revenue from JGB yields currently over 3% at the long end rather than user fees.
CEO Noritaka Okabe highlighted its potential to spur innovation for startups and enhance global interoperability, with openness to capital partnerships. This launch marks Japan’s entry into the $230-300 billion global stablecoin market, where USD tokens dominate 99% of volume.
DeFi & payments upgrade: Instant, fee-free 1st year yen transfers on Ethereum/Polygon/Avalanche. 10T JPY $66B target in 3 years; boosts JGB demand, strengthens yen in global crypto flows.
While experts like former Bank of Japan executive Tomoyuki Shimoda predict 2-3 years for mainstream traction—due to Japan’s cash-heavy culture cashless payments at 42.8% in 2024—JPYC could boost JGB demand, strengthen the yen’s digital role, and facilitate USD/JPY trading on DeFi platforms.
It precedes similar efforts in South Korea (won-backed) and China (yuan-backed), positioning Japan as a regulatory leader in fiat-pegged digital assets. These developments highlight growing corporate and national embrace of blockchain for treasury management and payments, potentially accelerating crypto’s integration with traditional finance.
SharpLink Gaming’s $78M ETH Buy Bullish ETH signal: Second-largest corporate holder now holds >$3.6B in ETH; reinforces Ethereum as a treasury asset. Shareholder value boost: ETH-per-share doubled since June; no debt, 95%+ staked for yield.
Resumes accumulation post-$425M raise; may trigger institutional FOMO as ETH >$4,200. World’s first regulated JPY-pegged token; challenges USD dominance in Asia.