Bybit adds three crypto-aligned stocks to TradFi platform

DUBAI - Cryptocurrency exchange Bybit has added three new equities to its TradFi platform, the company announced in a press release Wednesday.

The newly listed stocks include SharpLink Gaming Ltd. (NASDAQ:SBET), CleanSpark Inc. (NASDAQ:CLSK), and Bitfarms Ltd. (NASDAQ:BITF), expanding Bybit’s offerings at the intersection of traditional finance and digital assets.

According to the release, SharpLink Gaming has reportedly acquired approximately 74,656 ETH valued at around $213 million, potentially making it one of the largest institutional holders of Ethereum. The company has reportedly deployed over 99.7% of these holdings in staking or re-staking strategies to generate yield since early June.

The press release noted that these figures regarding SharpLink’s Ethereum holdings have not been officially confirmed through regulatory filings.

Some market observers have drawn comparisons between SharpLink’s Ethereum strategy and MicroStrategy’s Bitcoin holdings, with the former being characterized as "Ethereum’s version of MicroStrategy" in some circles.

Bybit, which describes itself as the world’s second-largest cryptocurrency exchange by trading volume, said users can now access trading for all three newly listed stocks through the platform’s TradFi page.

The addition of these stocks reflects growing institutional interest in cryptocurrency assets and the increasing convergence between traditional financial markets and digital asset ecosystems.

In other recent news, SharpLink Gaming has reported significant developments in its Ethereum (ETH) acquisition strategy. The company has become the largest corporate holder of Ether, with a total of 280,706 ETH as of mid-July 2025. This includes a purchase of 74,656 ETH at an average price of $2,852, funded by $413 million raised through its At-The-Market facility. SharpLink also completed a direct purchase of 10,000 ETH from The Ethereum Foundation for approximately $25.7 million, with plans to stake the acquired cryptocurrency. Furthermore, the company acquired an additional 7,689 ETH earlier in July, bringing its total holdings to 205,634 at that time. SharpLink has allocated nearly all of its ETH holdings to staking protocols, earning substantial rewards since launching its staking strategy. In a move to strengthen its financial oversight, SharpLink appointed KPMG as its new independent auditor, replacing Cherry Bekaert LLP. The company reports no disagreements with Cherry Bekaert regarding financial disclosures or audit procedures prior to the change.

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