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, Inc. Chief Financial Officer Robert Michael DeLucia reported an equity award of 87,549 shares of common stock on 01/08/2026. The transaction is coded as an acquisition at a price of 0.0000 per share and relates to his 2025 annual bonus award. After this grant, he beneficially owns 107,906 shares directly. The shares are expected to be issued on or around February 5, 2026, after withholding taxes are satisfied.
SharpLink Gaming, Inc. reported that its Chief Executive Officer and director, Chalom Joseph, received a stock bonus. On January 8, 2026, he was awarded 291,829 shares of common stock, recorded at a price of $0 per share, as part of his 2025 annual bonus award.
Following this transaction, he beneficially owns 291,829 common shares directly. The company states that the gross number of shares relates to the bonus, and that the shares will be issued on or around February 5, 2026, after withholding some of the shares to cover applicable taxes, with another filing to show the tax-withheld portion.
SharpLink Gaming, Inc. reports a leadership transition, governance updates, and an Ethereum treasury update. Former Co-Chief Executive Officer and President Rob Phythian left the company and its board effective December 15, 2025 under a separation agreement providing $1,980,000 in cash severance, a pro-rated $144,658 incentive for fiscal 2025, 18 months of subsidized health insurance, and accelerated vesting of multiple restricted stock unit awards.
Co-Chief Executive Officer Joseph Chalom has been appointed Chief Executive Officer, President, Principal Executive Officer, and a director. The board adopted amended and restated bylaws to align with recent Delaware corporate law changes and clarify stockholder nomination, meeting, consent, board vacancy, director removal, quorum, record date, indemnification and notice procedures. As of December 14, 2025, SharpLink held an aggregate 863,424 ETH, primarily deployed in staking, and had generated 9,241 ETH in staking rewards since launching its ETH treasury strategy on June 2, 2025, while noting that aspects of its staking activities may be subject to evolving government regulation.
SharpLink Gaming (SBET) filed an 8-K/A to amend a prior current report tied to its Q3 2025 results. The amendment updates information related to the amount of Ether the company holds as stated in the previously issued press release.
The updated press release is furnished as Exhibit 99.1 and, along with Item 2.02, is designated as “furnished” and not “filed” under the Exchange Act. The original quarter referenced is the period ended September 30, 2025.
SharpLink Gaming (SBET) furnished an 8-K announcing it issued a press release with financial results for the quarter ended September 30, 2025. The press release is included as Exhibit 99.1 and incorporated by reference. The company states that the information under Item 2.02 and Exhibit 99.1 is furnished, not filed under the Exchange Act, which limits associated liabilities. SharpLink’s common stock trades on Nasdaq under the symbol SBET.
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.