SharpLink Gaming's ETH Holdings Reach 740,760, Raises Capital Through ATMs and Registered Direct Offerings

SharpLink Gaming has reported its total ETH holdings have increased to 740,760 as of August 17. The company has purchased ETH through its ATM facility and registered direct offering.

Minneapolis, MN, July 2, 2025 – SharpLink Gaming, Inc. (Nasdaq: SBET) has reported that its total Ether (ETH) holdings have increased to 740,760 as of August 17, 2025. The company has been actively acquiring ETH through its ATM facility and registered direct offering, demonstrating a strategic shift towards establishing ETH as its primary treasury reserve asset [1].

SharpLink's ETH treasury strategy, launched in early June 2025, aims to provide investors with an efficient way to participate in Ethereum's transformation of global finance. The company has raised over $2.6 billion in capital to drive ETH acquisitions, with a significant portion of the funds used to purchase ETH [1].

The company's ETH holdings have increased by 1,764 ETH since the launch of its treasury strategy, reflecting the company's aggressive accumulation and strategic management of ETH. SharpLink has also staked nearly 100% of its ETH holdings, generating cumulative rewards of approximately 1,326 ETH to date [1].

SharpLink's ETH Concentration metric, which measures the efficiency of its ETH accumulation strategy, has increased by 98% from 2.00 to 3.95. This metric is calculated by dividing the number of ETH held by each 1,000 assumed diluted shares issued and outstanding [1].

The company's strategic partnership with Consensys, the world's largest and most experienced Ethereum software company, has been instrumental in operationalizing its ETH treasury strategy. Consensys has provided support in the form of leading crypto asset managers and custodians [1].

SharpLink's financial results for the quarter ended June 30, 2025, reflect the company's aggressive ETH acquisition strategy. The company reported a net loss of $103.4 million for the quarter, driven largely by accounting for the non-cash impairment loss and non-cash stock-based compensation [1].

SharpLink's leadership will host a conference call and webcast today to discuss the company's financial and operational results for the three- and six-month reporting periods ended June 30, 2025. The call will also provide an update on recent developments, including the launch of its Ethereum treasury strategy and subsequent strategic actions aimed at accelerating long-term stockholder value [1].

References:
[1] https://investors.sharplink.com/sharplink-reports-second-quarter-2025-results-now-holds-728804-eth-in-total/