SharpLink Gaming Boosts Ethereum Holdings, Appoints Investor Relations Leader
MINNEAPOLIS, MN — July 01, 2025 — SharpLink Gaming, Inc. (Nasdaq: SBET), a significant player in the digital asset space, today announced a strategic expansion of its Ethereum (ETH) holdings. The company acquired an additional 9,468 ETH for $22.8 million, bringing its total ETH treasury to 198,167. This acquisition occurred between June 23 and June 27, 2025, at an average price of $2,411 per ETH, including associated fees.
To fuel this growth, SharpLink Gaming also raised approximately $24.4 million in net proceeds through its At-The-Market (ATM) facility during the same period, by selling 2,525,637 shares of its common stock. The majority of these funds are earmarked for further bolstering the company’s Ethereum reserves.
Joseph Lubin, SharpLink’s Chairman and a Co-Founder of Ethereum, commented on the company’s strategic direction: “We are entering a new era where digital assets like Ethereum are evolving from speculative instruments into the foundational currency of the modern digital economy. By integrating Ethereum at the heart of our capital strategy, we aim to not only optimize SharpLink’s balance sheet but also position the company for global leadership in the ongoing evolution of digital commerce.”
As of June 30, 2025, SharpLink confirmed that 100% of its Ethereum reserves are actively deployed in staking protocols. During the week of June 21 to June 27, 2025, the company reported earning 102 ETH in staking rewards.
In a move to enhance financial transparency, SharpLink has introduced a new reporting metric dubbed “ETH Concentration.” This metric is calculated by dividing the company’s ETH holdings by an assumed 1,000 diluted shares outstanding. This “Assumed Diluted Shares Outstanding” figure includes the company’s actual issued and outstanding shares, alongside potential shares from outstanding warrants, pre-funded warrants, stock options, and restricted stock units. It is important to note that this calculation excludes treasury stock methods, vesting conditions, option exercise prices, or convertible debt restrictions that might typically influence such figures. This methodology results in a higher reporting of ETH concentration compared to standard calculations.
Following its initial aggregated ETH acquisitions announced on June 13, 2025, SharpLink’s ETH Concentration was initially reported at 2.00 ETH. This figure has seen a consistent increase, rising 17.7% to 2.35 ETH as of June 27, 2025.
Adding to its strategic initiatives, SharpLink Gaming also announced its partnership with Elevate IR, a distinguished firm specializing in financial communications and capital markets advisory, as its investor relations agency of record. Elevate IR will collaborate closely with SharpLink’s executive leadership to develop and implement a robust investor relations and communications strategy designed to align with the company’s evolving objectives.
“Ethereum represents more than just a treasury asset; it’s the financial bedrock for what we anticipate will become the next generation of capital management and online gaming infrastructure,” stated Rob Phythian, CEO of SharpLink Gaming. “To support our accelerated growth trajectory, we are committed to forging partnerships with sophisticated firms like Elevate IR, ensuring our narrative, strategy, and shareholder value proposition are clearly communicated to all stakeholders.”
About SharpLink Gaming, Inc.
Headquartered in Minneapolis, Minnesota, SharpLink Gaming, Inc. (Nasdaq: SBET) stands as the world’s largest publicly traded entity to adopt Ethereum (ETH) as its primary treasury reserve asset. This strategic alignment positions the company at the vanguard of digital capital and offers investors direct exposure to the leading smart-contract platform and second-largest digital asset globally.
Beyond its treasury strategy, SharpLink is actively redefining the landscape of online gaming and sports betting. Leveraging a seasoned team with extensive experience in sports media, gaming, and technology, SharpLink is pioneering scalable, secure, and transparent solutions poised to disrupt traditional models and inject genuine innovation into the betting experience. By harnessing the power of smart contracts, DeFi protocols, and Web3 infrastructure, SharpLink aims to lead the transformation of the multi-billion-dollar iGaming industry into a more dynamic, efficient, and equitable ecosystem. Further details can be found at www.sharplink.com.
Forward-Looking Statement
Certain statements in this press release regarding future expectations, plans, and prospects, along with any other statements not based on historical facts, may be considered “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. These statements are subject to various risks and uncertainties. Statements that are not historical facts, including those accompanied by words like “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential,” or similar terms, fall into this category. Actual outcomes could materially differ from those projected in these forward-looking statements due to factors including, but not limited to, the company’s ability to achieve profitability, fluctuations in ETH market prices impacting accounting and financial reporting (as discussed in accounting rules), evolving government regulations for cryptocurrencies and online betting, changes in securities laws, customer adoption of new products and services, market demand, economic conditions of customers, competitive pricing, sales cycle length, proprietary rights, and other risk factors detailed in the company’s SEC filings. Under U.S. generally accepted accounting principles, certain crypto assets are measured at fair value, with changes reflected in net income each reporting period. These fair value fluctuations can significantly impact income statement results. All forward-looking statements made in this press release are as of the date of this release, and the company disclaims any obligation to update these statements.
Investor Relations Contact
Sean Mansouri, CFA or Aaron D’Souza
Elevate IR
[email protected]
Original article, Author: Jam. If you wish to reprint this article, please indicate the source:https://aicnbc.com/3766.html
