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.

SharpLink Gaming, Inc. (Nasdaq: SBET) has announced a significant increase in its total ETH holdings, reaching 740,760 as of August 17, 2025. This growth is a result of the company's strategic acquisitions through its At-the-Market (ATM) facility and a registered direct offering during the week of August 10-15, 2025 [2].

During the specified period, SharpLink purchased 143,593 ETH, with an average purchase price of $4,648 per ETH. Additionally, the company raised $146.5 million in net proceeds through the ATM facility and $390.0 million through a registered direct offering [2].

This latest acquisition brings SharpLink's total staking rewards to 1,388 ETH since the launch of its treasury strategy on June 2, 2025. The company's ETH concentration metric, which measures the number of ETH held per 1,000 assumed diluted shares issued and outstanding, has risen to 3.87, up 94% since the strategy's inception [2].

SharpLink's ETH holdings have been growing rapidly, positioning the company as one of the world's largest corporate holders of Ether. The company's strategic move to adopt ETH as its primary treasury reserve asset aligns it with the future of digital capital and provides investors with direct exposure to Ethereum, the leading smart-contract platform [1].

References:
[1] https://coinpedia.org/news/sharplink-gaming-boosts-eth-holdings-to-728804-posts-103m-q2-loss/
[2] https://www.morningstar.com/news/globe-newswire/9514506/sharplink-reports-total-eth-holdings-climb-to-740760-as-of-august-17-2025-raised-537-million-in-net-proceeds-for-week-of-august-10-august-15-2025
[3] https://seekingalpha.com/news/4486920-sharplink-reports-total-eth-holdings-climb-to-740760-as-of-aug-17