Ethereum News Today: SharpLink’s Ethical Edge: Compliance-Backed ETH Play Rises 98%

SharpLink Gaming, Inc. (Nasdaq: SBET) has confirmed that its proposed At-the-Market ("ATM") program for Ethereum (ETH) purchases is fully compliant with Nasdaq regulations and does not require additional shareholder approval. The company emphasized its commitment to regulatory compliance and transparency in its ongoing treasury strategy. This development follows recent market scrutiny of listed companies that raise capital to acquire cryptocurrencies, a practice sometimes used to influence stock prices [3].

As of August 31, 2025, SharpLink reported a total of 837,230 ETH in its treasury, a significant increase from the beginning of its strategy in early June. The ETH holdings are currently valued at over $3.6 billion, with the company having purchased an additional 39,008 ETH during the most recent reporting week. The average ETH purchase price for the week stood at $4,531, reflecting continued strategic capital deployment [1].

The firm’s ETH Concentration metric, a newly introduced reporting tool designed to enhance transparency in yield performance, has risen to 3.94 as of August 31, 2025—nearly a 98% increase since the strategy’s inception. This metric is derived by dividing the number of ETH the company holds by each 1,000 assumed diluted shares issued and outstanding. Notably, the metric excludes factors such as equity award vesting conditions and debt instrument limitations, offering a simplified view of the company’s exposure to Ethereum [1].

In its most recent week of activity, SharpLink raised $46.6 million in net proceeds through the ATM facility, issuing 2.4 million shares. The firm retains approximately $71.6 million in cash and equivalents, maintaining flexibility for future opportunities in both capital deployment and strategic acquisitions. The company also highlighted that total staking rewards have increased to 2,318 ETH since the launch of its treasury strategy [1].

Joseph Chalom, Co-Chief Executive Officer of SharpLink, noted that the company will continue to monitor market conditions and execute its capital-raising initiatives with a focus on maximizing shareholder value. “We remain opportunistic in our approach and will only raise capital when it can generate tangible value for our stakeholders,” he stated. The company’s strategy is consistent with its broader vision to align with the future of digital capital through Ethereum [1].

Regulatory scrutiny of capital-raising strategies in the crypto space has intensified, with Nasdaq reportedly examining how companies use ATM programs to influence market dynamics. SharpLink’s announcement reaffirms its commitment to ethical and transparent practices while complying with all relevant regulations. The firm has also emphasized that it will only proceed with capital-raising activities if they are in the best interest of its shareholders and do not compromise its financial or operational integrity [2].

Source:

[1] SharpLink Announces Total ETH Holdings Rise to 837,230 as of August 31, 2025 (https://investors.sharplink.com/sharplink-eth-holdings-837230-staking-rewards-aug-2025/)

[2] SharpLink says it can implement ATM ETH purchase plan without shareholder approval (https://www.panewslab.com/en/articles/d82a2ee4-ed4e-453d-be2a-51cabef352d3)

[3] SharpLink: Fully compliant with Nasdaq rules, executing ATM plan for ETH purchases (https://www.chaincatcher.com/en/article/2203654)