SharpLink Gaming Boosts ETH Holdings by 12,207, Raises $27.7 Million

SharpLink Gaming, Inc. has announced a significant expansion of its Ethereum (ETH) treasury holdings, acquiring an additional 12,207 ETH for $30,674,829 during the period from June 16, 2025, to June 20, 2025. This strategic move brings the company's total ETH holdings to 188,478 ETH, with an average purchase price of $2,513 per ETH, inclusive of fees and expenses. The company's decision to increase its ETH holdings underscores its commitment to leveraging blockchain technologies to strengthen its treasury foundation and strategic growth trajectory.

During the same period, SharpLink raised approximately $27.7 million in net proceeds through its At-The-Market facility, selling 2,547,180 shares of its common stock. A majority of these proceeds will be used to further increase the company's ETH treasury holdings. As of June 20, 2025, 100% of SharpLink’s ETH holdings have been deployed in staking solutions, generating 120 ETH rewards since the company launched its ETH-focused treasury strategy on June 2, 2025. Since that date, SharpLink has achieved ETH per share growth of 18.97%.

Joseph Lubin, Chairman of the Board of SharpLink and Co-Founder of Ethereum, emphasized the company's forward-thinking approach to creating long-term value for its stockholders. He stated, "Increasing SharpLink’s ETH holdings underscores our forward-thinking approach to creating long-term value for our stockholders. As digital assets like ETH increasingly shape the future of finance and technology, we’re positioning SharpLink at the intersection of blockchain advancement and next-generation iGaming engagement. This move reflects our confidence in Ethereum’s utility and our commitment to exploring transformative technologies that can unlock new value for our business and stockholders, alike."

Rob Phythian, SharpLink’s Chief Executive Officer, added, "SharpLink remains committed to leveraging blockchain technologies to strengthen our treasury foundation and strategic growth trajectory. As adoption of decentralized infrastructure accelerates, the Company intends to regularly update its stockholders on its digital asset strategy and broader growth initiatives."

SharpLink Gaming, Inc. is headquartered in Minneapolis, Minnesota, and is the world’s largest publicly traded company to adopt Ethereum (ETH) as its primary treasury reserve asset. This move aligns the company with the future of digital capital and gives investors direct exposure to the world’s leading smart-contract platform and second largest digital asset. The company is also reimagining the future of online gaming and sports betting, leveraging smart contracts, DeFi protocols, and Web3 infrastructure to transform the multi-billion-dollar iGaming industry into a more dynamic, efficient, and equitable ecosystem.