Welcome to our dedicated page for Sharplink SEC filings (Ticker: SBET), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Sharplink, Inc.'s SEC filings document its transition into an Ethereum treasury company, its Nasdaq-listed common stock under SBET, and formal disclosures for financial results, ETH holdings, staking activity and related treasury-management arrangements. Current reports include Regulation FD releases, results-of-operations exhibits, material agreement terminations, and other events tied to the company's ETH strategy and affiliate marketing operations.
Proxy and governance filings describe annual meeting voting, director elections, auditor ratification, advisory compensation votes, executive-compensation practices, and board matters. Other 8-K disclosures record the completed corporate name change from SharpLink Gaming, Inc. to Sharplink, Inc., amendments to charter and bylaws, leadership changes, and risk language around staking activities subject to changing regulation and guidance.
SharpLink Gaming (SBET) reported a profitable Q3 2025 driven by its ETH treasury strategy. Revenue reached $10.84 million, primarily from staking. Operating income was $104.9 million, and net income was $104.27 million, reflecting large unrealized gains on crypto assets.
The company held 580,841 ETH at quarter end, shown at $2.41 billion fair value, and 236,906 LsETH at a $622.7 million carrying amount after impairment. Q3 included an $107.33 million unrealized gain and a $6.95 million impairment on LsETH. Staking revenue was $10.27 million in Q3 and $10.30 million year-to-date.
Total assets were $3.07 billion, stockholders’ equity $3.07 billion, and cash $11.13 million with $26.71 million in USDC. The company raised substantial equity capital year-to-date and repurchased 1,938,458 shares as treasury stock. On September 24, 2025, it signed a digital transfer agent agreement to tokenize its common stock on Ethereum; no shares have been tokenized to date. As of November 12, 2025, 196,693,191 common shares were outstanding.
SharpLink Gaming (SBET) reported a strategic treasury move. The company announced a plan to deploy $200 million of its Ether treasury on Consensys Software Inc.’s Linea, described as a way to access “enhanced Ethereum DeFi yield at scale.”
The announcement was made on October 28, 2025 and accompanied by a press release filed as Exhibit 99.1. This indicates a shift toward on-chain yield strategies using Linea’s Ethereum Layer-2 infrastructure. The update centers on treasury allocation and platform selection; it does not include operating results or guidance.
SharpLink Gaming (SBET) reported an update on its Ethereum strategy. From Oct 17–19, 2025, the company acquired 19,271 ETH for an aggregate purchase price of approximately $75,000,000 at a weighted average of $3,892 per ETH, using proceeds from a registered direct offering that closed on Oct 17, 2025.
As of Oct 19, 2025, SharpLink’s aggregate ETH holdings were 859,853 ETH, including 601,143 native ETH and 258,710 ETH as-if redeemed from liquid staking (LsETH). The company noted that substantially all ETH holdings were deployed in staking, including through liquid staking.
Since launching its ETH treasury strategy on Jun 2, 2025, SharpLink has generated 5,671 ETH in staking rewards, comprised of 2,237 native staking rewards and 3,434 as-if redeemed LsETH rewards. The company also noted that aspects of its staking activities may be subject to government regulation and guidance subject to change.
SharpLink Gaming (SBET) entered a securities purchase agreement for a registered direct offering of 4,500,000 common shares at $17.00, raising approximately $76.5 million in gross proceeds. The company intends to use net proceeds to acquire Ether (ETH) and for general working capital.
SharpLink also granted 90-day premium purchase contracts expiring on January 15, 2026 to buy up to an additional 4,500,000 shares at an exercise price of $17.50; if fully exercised, the company would receive approximately $78.8 million in additional gross proceeds. A.G.P./Alliance Global Partners is the sole placement agent and will receive a 2.0% cash fee on aggregate gross proceeds. The offering is expected to close on October 17, 2025 and was made via an effective Form S-3ASR shelf, using a prospectus dated May 30, 2025 and a prospectus supplement dated October 15, 2025.
SharpLink Gaming (SBET) launched a registered direct offering of 4,500,000 common shares at $17.00 per share, each sold with a Premium Purchase Contract (PPC) to buy one additional share at $17.50. The PPCs are exercisable immediately and expire 90 days from issuance. This prospectus supplement also registers the shares issuable upon PPC exercise.
The offering implies gross proceeds of $76,500,000, with a 2.0% placement fee of $1,530,000 and estimated net proceeds of approximately $74,870,000 after expenses. A.G.P. acted as sole placement agent on a reasonable best efforts basis. Shares underlying the PPCs will be offered on a continuous basis under Rule 415. Common shares outstanding were 192,193,191 before, and are expected to be 196,693,191 after this offering, assuming no PPC exercises.
Use of proceeds: the company intends to contribute substantially all cash proceeds to acquire Ether (ETH), and also for working capital, general corporate purposes, operating expenses, and core affiliate marketing operations. SBET last traded at $15.15 on October 15, 2025.
SharpLink Gaming, Inc. reported that its stockholders approved an amendment to its Amended and Restated Certificate of Incorporation to increase the number of authorized shares of common stock. The amendment raises authorized common stock from 500,000,000 to 2,500,000,000 shares and makes a corresponding change to authorized capital stock, effective at 4:15 p.m. Eastern Time on September 25, 2025.
At the virtual special meeting held on September 24, 2025, stockholders representing 81,092,892 shares of common stock, or approximately 44.67% of the voting power as of the August 22, 2025 record date, were present in person or by proxy. The proposal to increase authorized common shares received 67,572,364 votes for, 13,359,747 against, and 160,781 abstentions, resulting in approval of the amendment.
SharpLink Gaming, Inc. reported that it has entered into a partnership with Superstate to launch a tokenized version of its "SBET" brand on the Ethereum blockchain. The company disclosed that this initiative was announced in a press release dated September 25, 2025, which is included as an exhibit to the report.
SharpLink Gaming, Inc. filed a current report outlining a major capital return plan and an update on its cryptocurrency strategy. The board approved a 2025 share repurchase program authorizing buybacks of up to $1.5 billion of common stock. The company has already repurchased 1,000,000 shares at an average price of $16.67 per share on September 15, 2025.
The report also details the company’s Ethereum treasury activities. As of September 14, 2025, aggregate ETH holdings were 838,152, with substantially all deployed in staking, including liquid staking. Since launching its ETH treasury strategy on June 2, 2025, the company has generated 3,240 ETH in staking rewards and notes that aspects of these staking activities may be subject to government regulation and guidance that can change over time.
SharpLink Gaming, Inc. disclosed that its board approved a 2025 share repurchase program authorizing the company to buy back up to $1.5 billion of its common stock. This allows the company to reacquire its own shares over time as it chooses. The company has already used the program, repurchasing approximately 939,000 shares of common stock on September 8, 2025 at an average price of $15.98 per share. A press release discussing the 2025 Share Repurchase Program was issued on September 9, 2025 and furnished as an exhibit.
SharpLink Gaming, Inc. filed a Definitive Proxy Statement that includes information for a special meeting, a certificate amendment in an appendix, and a security ownership table. The filing shows board and executive holdings: Joseph Lubin holds 6,434,213 shares (3.3%); Rob Phythian holds 56,512 shares; Robert DeLucia holds 21,966 shares; Joseph Chalom holds 0 shares; and three directors (Leslie Bernhard, Robert Gutkowski, Obie McKenzie) each hold 44,721 shares.
The document is signed by Joseph Lubin as Chairman and by Rob Phythian as Co-CEO. A referenced appendix contains a proposed Certificate of Amendment to the companys Amended and Restated Certificate of Incorporation. The filing provides basic governance and ownership disclosure but does not include financial results, transaction terms, or forward-looking management commentary in the excerpt provided.