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SharpLink Gaming's ETH Holdings Reach 740,760, Raises Capital Through ATMs and Registered Direct Offerings
ByAinvest
Tuesday, Aug 19, 2025 3:22 pm ET1min read
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.
Title: SharpLink Gaming Increases ETH Holdings to 740,760 as of August 17, 2025SharpLink Gaming, Inc. (Nasdaq: SBET) has reported 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.
Key highlights for the week ending August 17, 2025, include the purchase of 143,593 ETH, with an average purchase price of $4,648. The ATM facility raised $146.5 million in net proceeds, while a registered direct offering brought in $390.0 million. This week's activities have led to an increase in total staking rewards to 1,388 ETH since the launch of the treasury strategy on June 2, 2025.
SharpLink's ETH Concentration metric, a measure of the yield performance, has also seen a notable increase, rising to 3.87. This metric is calculated by dividing the number of ETH held by each 1,000 assumed diluted shares issued and outstanding. The company's ETH holdings have grown by 94% since the implementation of the treasury strategy.
The company's financial update also indicates that over $84 million of cash remains on hand, earmarked for future ETH acquisitions. This strategic move aligns with SharpLink's commitment to leveraging Ether as its primary treasury reserve asset, positioning itself at the forefront of digital capital adoption.
SharpLink Gaming, Inc., headquartered in Minneapolis, Minnesota, is one of the world's largest publicly traded companies to adopt Ether as its primary treasury reserve asset. The company's focus on ETH aligns with its vision of bringing innovation to the user experience in online gaming.
References
1. [1] 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
2. [2] https://seekingalpha.com/news/4486920-sharplink-reports-total-eth-holdings-climb-to-740760-as-of-aug-17
3. [3] https://investors.sharplink.com/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/
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