Sharplink Gaming Ltd Stock Price, News & Analysis

SharpLink Gaming (NASDAQ: SBET), the world's largest publicly traded ETH holder, has received approval for options trading on the Nasdaq Options Market. Trading of SharpLink's options began on June 18, 2025, under the ticker 'SBET', featuring various expiration dates and strike prices. The options listing aims to enhance share liquidity, provide investors with additional risk management tools, and enable greater investment flexibility. CEO Rob Phythian views this development as a significant milestone that reinforces the company's status as a trusted Nasdaq-listed entity and expects it to increase visibility within the investment community. The options will be available through the Options Clearing Corporation (OCC) and will operate under standard Nasdaq and OCC regulations.

SharpLink Gaming (NASDAQ: SBET) has acquired 176,270.69 ETH for $462.9 million at an average price of $2,626 per ETH, becoming the world's largest publicly-traded ETH holder. The company raised $79 million through its ATM facility, with most funds directed to ETH purchases, resulting in 11.8% ETH per share growth since June 2, 2025. Over 95% of SharpLink's ETH holdings are deployed in staking solutions, generating yield while supporting network security. This strategic move makes SharpLink the first Nasdaq-listed company to adopt an ETH-centered treasury reserve policy, positioning ETH as its primary treasury reserve asset. The company aims to provide shareholders with economic exposure to ETH while supporting blockchain's role in global industry transformation.

SharpLink Gaming (SBET) has secured a landmark $425 million private placement led by Consensys Software Inc., positioning itself to become the largest publicly-traded ETH holder globally. The investment was funded through a combination of fiat and ETH, with participation from major crypto venture firms including ParaFi Capital, Electric Capital, Pantera Capital, and others. Notably, Ethereum co-founder Joseph Lubin, who is also Consensys' CEO, has been appointed as SharpLink's Chairman of the Board. The company will implement an Ethereum-based treasury strategy, making it one of the first Nasdaq-listed companies to take this approach. SharpLink has partnered with ParaFi and Galaxy Asset Management to oversee its ETH treasury strategy while maintaining its core business in online performance-based marketing for sports betting and iGaming industries.

SharpLink Gaming (NASDAQ:SBET) has announced a significant $425 million private placement through a PIPE offering, selling approximately 69.1 million shares at $6.15 per share ($6.72 for management). Consensys Software leads the investment, joined by notable crypto venture firms including ParaFi Capital, Electric Capital, and Pantera Capital.

The company plans to use the proceeds to acquire Ethereum (ETH) as its primary treasury reserve asset. Upon the offering's closing, expected around May 29, 2025, Joseph Lubin, Ethereum Co-Founder and Consensys CEO, will become SharpLink's Chairman of the Board. The private placement is being conducted under Securities Act exemptions, with A.G.P./Alliance Global Partners serving as the sole placement agent.

SharpLink Gaming (NASDAQ: SBET) has announced the pricing of a public offering to raise approximately $4.5 million through the sale of up to 1,530,612 shares of common stock at $2.94 per share. The offering, expected to close around May 21, 2025, is being conducted on a "reasonable best efforts" basis with A.G.P./Alliance Global Partners serving as the sole placement agent.

The company, which specializes in online performance-based marketing for U.S. sports betting and global iGaming industries, plans to use the net proceeds for working capital, general corporate purposes, and other initiatives detailed in the prospectus. The offering is made pursuant to an effective registration statement on Form S-1 filed with the SEC.

["Successful registration and pricing of $4.5 million public offering", "Funds will strengthen working capital position"]

SharpLink Gaming (NASDAQ: SBET) has announced a 1-for-12 reverse stock split of its outstanding common stock, effective for trading on May 6, 2025. The reverse split aims to increase the per share trading price to meet Nasdaq's $1.00 minimum bid price requirement for continued listing. Under the split, every twelve pre-split shares will combine into one share, affecting both common stock and shares issuable through warrants and stock options. The company will maintain its "SBET" trading symbol but operate under a new CUSIP number (820014405). Fractional shares will be rounded to the nearest whole post-split share, with no cash provided for fractions.

SharpLink Gaming (SBET) has received an extension from the Nasdaq Hearings Panel until May 23, 2025 to regain compliance with two critical listing requirements. The company must meet the minimum bid price requirement of $1.00 per share and maintain minimum stockholders' equity of $2.5 million.

Following a hearing on February 25, 2025, the Panel granted SharpLink's request for continued listing, subject to specific conditions. The company must demonstrate compliance with both requirements and provide detailed public disclosure of any equity-increasing transactions by the deadline. Additionally, SharpLink needs to submit updated fundraising plans and 12-month income projections.

The company's common stock will remain listed and tradeable on Nasdaq during this compliance period. CEO Rob Phythian expressed satisfaction with the Panel's decision and committed to executing necessary initiatives to achieve compliance goals.

SharpLink Gaming (SBET) reported its full year 2024 financial results, showing mixed performance. Revenue declined 26.1% to $3.66 million from $4.95 million in 2023. However, the company achieved net income of $10.1 million ($2.29 per share) compared to a net loss of $14.24 million in 2023, primarily due to discontinued operations.

Key developments include the sale of Sports Gaming Client Services and SHGN businesses to RSports Interactive for $22.5 million, enabling debt reduction of $19.4 million. Operating expenses decreased 45.6% to $5.67 million. Cash position stood at $1.44 million, down 42.2% year-over-year.

The company raised $1.83 million through an At-The-Market Offering and acquired a 10% stake in Armchair Enterprises (CryptoCasino.com) for $500,000. SharpLink also completed its domestication merger, transitioning from an Israeli company to a Delaware , and initiated a strategic review process to evaluate potential business combinations.

SharpLink Gaming (Nasdaq: SBET) has acquired a 10% equity stake in Armchair Enterprises, owner of CryptoCasino.com, for $500,000 in cash. The deal includes a right of first refusal to acquire a controlling interest in the UK-based company. This investment marks SharpLink's strategic move into the crypto gaming market, aiming to become the first Nasdaq-listed company focused on this sector.

Launched in October 2024, CryptoCasino.com is an online gaming platform offering over 6,000 games, including slots, table games, live dealer casino, sportsbook, and eSports betting. The platform accepts various cryptocurrencies and features both traditional registration and Web3 connectivity through wallets like MetaMask and Trust Wallet. It also integrates with Telegram, serving over one billion unique users.

According to Fortune Business Insights, the online gambling market is projected to reach $158.20 billion by 2028, with blockchain-based gaming growing at a CAGR of 12.5% from 2023 to 2028.