SharpLink Reports Total ETH Holdings Climb to 740,760 as of August 17, 2025; Raised $537 Million in Net Proceeds for Week of August 10 - August 15, 2025
Rhea-AI Summary
SharpLink Gaming (Nasdaq: SBET), a major corporate Ethereum holder, reported significant growth in its ETH holdings for the week ending August 17, 2025. The company's total ETH holdings increased to 740,760, after purchasing 143,593 ETH at an average price of $4,648.
The company successfully raised $537 million in net proceeds through two channels: $146.5 million via its ATM facility and $390 million through a registered direct offering closed on August 11, 2025. SharpLink's staking rewards reached 1,388 ETH since launching its treasury strategy, with $84 million in cash still available for ETH acquisitions. The company's ETH Concentration metric improved to 3.87, representing a 94% increase since June 2, 2025.
Positive
- Substantial increase in ETH holdings to 740,760, with 143,593 ETH purchased in the week
- Successfully raised $537 million in combined net proceeds
- Accumulated 1,388 ETH in staking rewards since June 2025
- ETH Concentration metric improved by 94% to 3.87
- $84 million cash remains available for additional ETH acquisitions
Negative
- Higher average ETH purchase price of $4,648 compared to previous weeks
- Increased share dilution through ATM facility and registered direct offering
- Significant exposure to ETH price volatility risk
News Market Reaction – SBET
On the day this news was published, SBET declined 8.65%, reflecting a notable negative market reaction. Argus tracked a trough of -6.3% from its starting point during tracking. Our momentum scanner triggered 49 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $314M from the company's valuation, bringing the market cap to $3.32B at that time.
Data tracked by StockTitan Argus on the day of publication.
Total Staking Rewards Increased to 1,388 ETH as of August 17, 2025
MINNEAPOLIS, MN, Aug. 19, 2025 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (Nasdaq: SBET) (“SharpLink” or the “Company”), one of the world’s largest corporate holders of Ether (“ETH”) and prominent industry advocate of Ethereum adoption, today issued its update on the Company’s ETH purchases for the period Monday, August 10, 2025 through Sunday, August 17, 2025; and capital raised through its At-the-Market (“ATM”) facility and a registered direct offering during the week Monday, August 10 through Friday, August 15, 2025.
Key Highlights for the Week Ending August 17, 2025:
- Purchased 143,593 ETH.
$146.5 million in net proceeds were raised through the ATM facility this past week.$390.0 million in net proceeds were raised through a registered direct offering, which closed on August 11, 2025.- Average ETH purchase price for the week was
$4,648. - Total ETH holdings increased to 740,760.
- Total staking rewards rose to 1,388 ETH since launch of treasury strategy on June 2, 2025.
- ETH Concentration* rose to 3.87, up
94% since June 2, 2025. - Over
$84 million of cash on hand yet to be deployed into ETH acquisitions.
Weekly ETH and Capital Summary
| Week Ending | ||||||||||||||||
| Units of ETH (K) | 7/27/25 | 8/3/25 | 8/10/25 | 8/17/25 | ||||||||||||
| Beginning Balance | 360.8 | 438.2 | 521.9 | 596.8 | ||||||||||||
| ETH Acquired | 77.2 | 83.6 | 74.8 | 143.6 | ||||||||||||
| ETH Staking Rewards | 0.2 | 0.2 | 0.1 | 0.3 | ||||||||||||
| Ending Balance | 438.2 | 521.9 | 596.8 | 740.8 | ||||||||||||
| Avg ETH Purchase Price | $ | 3,756 | $ | 3,634 | $ | 4,051 | $ | 4,648 | ||||||||
| ETH Concentration* | 3.40 | 3.66 | 3.59 | 3.87 | ||||||||||||
| ATM Shares Issued (m) | 10.8 | 13.6 | 13.5 | 6.6 | ||||||||||||
| ATM Net Proceeds ($m) | $ | 279.2 | $ | 264.5 | $ | 291.8 | $ | 146.5 | ||||||||
* To enhance transparency into the Company’s yield performance, SharpLink introduced a new reporting metric called “ETH Concentration.” This metric is calculated by dividing the number of ETH SharpLink holds by each 1,000 assumed diluted shares issued and outstanding (“Assumed Diluted Shares Outstanding”). Assumed Diluted Shares Outstanding represents the sum of (i) SharpLink’s actual shares of common stock issued and outstanding as of the end of each reporting period, inclusive of disclosed ATM sales, plus (ii) the additional shares that would be issued upon the assumed exercise or settlement of all outstanding warrants, pre-funded warrants, stock option awards, and restricted stock units. Notably, Assumed Diluted Shares Outstanding is not calculated using the treasury stock method. It does not account for equity award vesting conditions, stock option exercise prices, or contractual restrictions limiting the convertibility of debt instruments. Additionally, it excludes any assumed share repurchases that would ordinarily be considered under the treasury stock method.
About SharpLink Gaming, Inc.
Headquartered in Minneapolis, Minnesota, SharpLink Gaming, Inc. (Nasdaq: SBET) is one of the world’s largest publicly traded companies to adopt Ether (“ETH”) as its primary treasury reserve asset – a move that aligns the Company with the future of digital capital and gives investors direct exposure to Ethereum, the world’s leading smart-contract platform and second largest digital asset.
SharpLink is also reimagining the future of online gaming. Backed by a veteran team with deep roots in sports media, gaming and technology, SharpLink is charting a new course – building scalable, secure and transparent solutions that challenge outdated models and bring real innovation to the user experience. Learn more at www.sharplink.com.
Forward-Looking Statement
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and these forward-looking statements are subject to various risks and uncertainties. Such statements include, but are not limited to, the execution of the Company’s treasury strategy and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, fluctuations in the market price of ETH that will impact the Company’s accounting and financial reporting (see accounting rules discussed below), government regulation of cryptocurrencies and online betting, changes in securities laws or regulations, customer acceptance of new products and services, the demand for its products and its customers’ economic condition, the impact of competitive products and pricing, the lengthy sales cycle, proprietary rights of the Company, changes in applicable laws or regulations, and its competitors, general economic conditions and other risk factors detailed in the Company’s annual report and other filings with the SEC. Under U.S. generally accepted accounting principles, entities are generally required to measure certain crypto assets at fair value, with changes reflected in net income each reporting period. Changes in the fair value of crypto assets could result in significant fluctuations to the balance sheet and income statement results. Additionally, for certain types of crypto assets, the Company may be required to record associated impairment charges reflected in net income as a result of a decrease in the market price of ETH below the cost value at which the Company’s ETH are carried on its balance sheet. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company does not undertake any responsibility to update the forward-looking statements in this press release.
Investor Relations Contact
Sean Mansouri, CFA or Aaron D’Souza
Elevate IR
(720) 330-2829
ir@sharplink.com
Media Contact:
media@sharplink.com
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