SharpLink Gaming is positioning itself as a major player in the Ethereum treasury space, currently holding 360,800 ETH valued at $1.35 billion. The firm, under the guidance of Joe Lubin, CEO of Consensys, is aggressively expanding its Ether reserves to benefit shareholders. SharpLink is competing with BitMine Immersion Technologies, which holds the top spot with 566,800 ETH worth $2.13 billion. The company is increasing its Ether holdings through at-the-market facilities and staking, amid a broader trend of ETH treasury adoption that has seen prices rise 110% to $3,800 over the past three months. Lubin highlights a cautious approach to financial leverage, considering a convertible note offering while managing risk prudently.