The well-known brokerage Robinhood recently launched a stock tokenization platform in the EU, not only sparking discussions about hundreds of US stock tokens but also attracting many private companies eager to tokenize their shares. This chain-based revolution in the capital market is rapidly spreading across global regulatory bodies, traditional financial institutions, and investors' radars.
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TogglePrivate Companies Enthusiastically Entering, Retail Investors Hoping to Invest in Unlisted Companies
[The rest of the translation follows the same professional and accurate approach, maintaining the specific terminology as instructed.] The final paragraph about SharpLink and Tom Lee would be translated as: The US online gaming company SharpLink purchased another 7,689 ETH, bringing its total ETH holdings to 205,634 ETH, making it the largest listed ETH reserve company globally. Well-known Wall Street analyst Tom Lee recently announced his appointment as chairman of Bitcoin miner BitMine and launched a $250 million ETH reserve asset private placement program, attempting to create the "MicroStrategy of Ethereum". The stock (BMNR) has incredibly risen 23 times in less than two weeks. Can the Ethereum reserve company rise to prominence under Tom Lee's leadership?Table of Contents
ToggleSharpLink Increases New Shares and Buys ETH Again
SharpLink announced its entry into the Ethereum (ETH) strategic reserve at the end of May and announced on 6/13 that it has purchased 176,270.69 ETH, spending $460 million, becoming the world's largest listed ETH reserve company and the second-largest ETH holder after the Ethereum Foundation.
SharpLink through an at-the-market (ATM) stock issuance sold 5.5 million common shares, raising approximately $64 million in net proceeds. Using these proceeds, it bought an additional 7,689 ETH, bringing the company's total ETH holdings to 205,634 ETH.
Additionally, SharpLink has deployed all its held ETH in staking solutions, generating 322 ETH in rewards since June 2, 2025.
Tom Lee's Celebrity Endorsement Raises ETH Reserve Strategy Companies
The trend of enterprises incorporating crypto assets into their balance sheets continues to heat up. Bitcoin miner Bit Digital recently announced a major adjustment to its asset allocation strategy, selling Bitcoin and shifting towards Ethereum, expanding its holdings to over 100,000 ETH in a short time, second only to SharpLink in position value.
(Bitcoin Miner Transforms into Ethereum Whale: Bit Digital's 100,000 ETH Holdings, Still Undervalued?)
Moreover, Tom Lee, a well-known Wall Street strategist and co-founder of financial research institution Fundstrat, recently announced his appointment as chairman of Bitcoin miner BitMine and launched a $250 million Ethereum (ETH) reserve asset private placement program, attempting to create a "MicroStrategy of Ethereum". Although BitMine has not yet purchased Ethereum, its stock (BMNR) has incredibly risen 23 times in less than two weeks, showing investors' frenzy.
After announcing its entry into Ethereum (ETH) strategic reserve in May, SharpLink's stock price rose from around $6 to a high of $124. However, when the company submitted an S-3 form to the SEC on 6/12, registering over 58.7 million shares for potential future resale, it was interpreted by the market as "imminent massive selling", triggering panic selling. SBET's stock price plummeted over 70% in a single day, returning to around $10, and remained at its low point for nearly a month.
Driven by yesterday's buying news, SBET finally broke through its recent gloom, with the stock price rising 28% in a single day.
Risk Warning
Cryptocurrency investment carries high risks, and its price may fluctuate dramatically. You may lose all your principal. Please carefully assess the risks.
