Ethereum News Today: SharpLink Confirms No Shareholder Vote Needed for ETH Buys

SharpLink Gaming, Inc. (Nasdaq: SBET), a major corporate holder of Ethereum (ETH), has reaffirmed its compliance with Nasdaq rules and clarified that it does not require additional shareholder approval to execute its at-the-market (ATM) program for ETH purchases. This confirmation comes amid heightened scrutiny from Nasdaq over digital asset treasury (DAT) firms, which are increasingly leveraging equity issuance to expand their crypto holdings. The company stated that it has consistently followed Nasdaq guidelines and will continue to raise capital only when it is in the best interests of its shareholders. According to SharpLink’s Co-Chief Executive Officer, Joseph Chalom, the company’s capital-raising initiatives remain opportunistic and focused on maximizing value for stakeholders [1].

The company has taken issue with recent media speculation that DAT firms must seek shareholder approval before issuing new shares for crypto acquisitions. In an official statement, SharpLink emphasized that these reports may refer to newer DAT companies that have not yet aligned with Nasdaq’s regulatory requirements, but it stressed that this does not apply to SharpLink. The firm reiterated its strict adherence to transparency and best practices in all transactions, ensuring that no unnecessary dilution of shareholder value occurs. SharpLink has not utilized its ATM program when trading below net asset value (NAV), a decision that reflects its commitment to protecting shareholder equity [1].

As of August 31, 2025, SharpLink’s ETH holdings totaled 837,230, with a value exceeding $3.6 billion. The company reported that its staking rewards had increased to 2,318 ETH since the launch of its treasury strategy on June 2, 2025. Additionally, its ETH Concentration—a metric introduced to provide clarity on the company’s yield performance—rose to 3.94, a 97% increase since the beginning of its strategy. During the week of August 25–29, SharpLink raised $46.6 million in net proceeds through its ATM facility, averaging $4,531 per ETH purchased. The company currently holds $71.6 million in cash and equivalents, underscoring its financial flexibility in pursuing ETH acquisitions [1].

The broader regulatory landscape for DAT firms has shifted as Nasdaq intensifies its oversight. A recent report by CoinGape highlighted that the exchange is requiring some companies to obtain shareholder approval before issuing new shares for crypto purchases. In response, SharpLink clarified that it does not fall under these new requirements, which are reportedly tied to firms exceeding 20% share issuance limits. The company emphasized that its existing ATM program is fully compliant and does not necessitate additional approvals. Meanwhile, another major ETH holder, BitMine, also addressed the issue, noting that its operations on the New York Stock Exchange (NYSE) do not face the same constraints [2].

SharpLink’s proactive approach to transparency and compliance has been a key element in maintaining investor confidence. The firm’s decision to avoid issuing shares when trading below NAV demonstrates its caution in protecting shareholder interests. By reinforcing its adherence to Nasdaq regulations and industry standards, SharpLink aims to dispel concerns raised by recent media reports. The company’s consistent performance in expanding its ETH holdings while managing capital effectively highlights its strategic focus on long-term value creation. As digital asset treasury firms continue to evolve in a rapidly changing regulatory environment, SharpLink’s adherence to best practices will remain critical in sustaining its position as a leading ETH holder [3].

Source:

[1] SharpLink Announces Total ETH Holdings Rise to 837230 as ... (https://investors.sharplink.com/sharplink-eth-holdings-837230-staking-rewards-aug-2025/)

[2] Ethereum Treasury Firm SharpLink Confirms Compliance ... (https://coingape.com/ethereum-treasury-firm-sharplink-confirms-compliance-amid-nasdaq-oversight/)

[3] SharpLink Reaffirms No Requirement for Shareholder ... (https://coincentral.com/sharplink-reaffirms-no-requirement-for-shareholder-approval-for-atm-use/)