Core Insights - SharpLink Gaming, Inc. has reported a significant increase in its Ether (ETH) holdings, reaching 360,807 ETH, which is a 29% increase from the previous week [7] - The company purchased 79,949 ETH during the week, marking the highest weekly acquisition in its historical reporting [7] - The average purchase price for ETH during this period was $3,238, with an ETH concentration increase to 3.06, up 53% since the launch of its digital treasury strategy [7] Weekly ETH and Capital Summary - Beginning balance of ETH was 206,000 units, ending balance rose to 360,800 units [3] - Total ETH acquired during the week was 79,900 units, with staking rewards of 0.2 units [3] - The company issued 3.8 million ATM shares, generating net proceeds of $96.6 million [3] Commentary on the Genius Act - The signing of the Genius Act into law is seen as a pivotal moment for the digital asset and blockchain industries, providing a clear regulatory framework [5] - This legislation is expected to foster innovation, investment, and institutional adoption, aligning with SharpLink's growth strategies [5][6] - The regulatory clarity is anticipated to enhance the operational environment for companies like SharpLink, allowing them to leverage Ethereum's capabilities [6] Strategic Focus - SharpLink aims to strategically utilize its ATM facility to enhance its ETH treasury, supporting long-term growth objectives [4] - The company is focused on transforming the iGaming industry by leveraging blockchain technologies, aiming to create a more dynamic and equitable ecosystem [9] - The firm is positioned as a leader in the digital capital space, providing investors with direct exposure to Ethereum [8]

MINNEAPOLIS, MN, July 22, 2025 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (Nasdaq: SBET) ("SharpLink" or the "Company"), the world's largest corporate holder of Ether ("ETH") as its primary treasury reserve asset, today issued its weekly update on the Company's ETH holdings and capital raised through its At- The-Market ("ATM") facility during the week Monday, July 14, 2025 through Sunday, July 20, 2025. Key Highlights for the Week Ending July 20, 2025: Company Applauds Signing of Genius Act into Law by Pres ...

Core Insights - Small companies are adopting Ether as part of their balance sheets to enhance stock market valuations, with notable success [1] - SharpLink Gaming has seen a 150% increase in shares over the past 30 days, indicating strong market interest in this strategy [2] - SharpLink Gaming has become the largest corporate holder of Ether, with 280,706 coins valued at approximately $960 million, surpassing the Ethereum Foundation [3] - The company raised over $400 million for Ether purchases and has more than $250 million available for future acquisitions [4] - The Ethereum treasury company model mirrors the Bitcoin treasury model pioneered by MicroStrategy, focusing on capital market funding for crypto purchases [5] - Ethereum's price has increased by 7% in 2025, while Bitcoin has risen by 30%, raising questions about Ethereum's future performance [6] - A few publicly traded companies, including Bitmine Immersion Technologies and Bit Digital, have also adopted this treasury model [7] - The lower price of Ether at $3,600 makes it easier for small-cap companies to raise funds compared to Bitcoin's price of around $120,000 [9] Company Strategies - SharpLink Gaming's pivot to investing in Ethereum has revitalized its stock price after a period of stagnation [10] - Bitmine Immersion Technologies has a notable figure, Tom Lee, as its chairman, which may enhance its ability to attract investors [11] - Concerns exist regarding the rationale behind Bitcoin mining companies like Bitmine and Bit Digital investing in Ether, questioning their commitment to the Ethereum model [12]

Core Insights - SharpLink Gaming stock (NASDAQ:SBET) has seen a nearly 50% increase in the last week and over 100% in the past month, driven by investor enthusiasm regarding its venture into Ethereum [2] - The company holds 280,706 ETH, positioning it as one of the largest corporate holders of the cryptocurrency [2] Group 1: Business Focus and Strategy - Initially focused on online gaming and sports wagering, SharpLink is now shifting towards blockchain-based finance and integrating blockchain technology into its betting experience [3] - The company has adopted an aggressive ETH staking strategy, with over 99% of its ETH holdings allocated to staking protocols, generating over 400 ETH in rewards since the strategy's initiation [3] Group 2: Financial Performance - SharpLink Gaming has experienced an average revenue growth rate of 19.6% over the past three years, compared to a 5.5% increase for the S&P 500, although sales have declined by 27.0% in the last 12 months to approximately $5 million [4] - The company's market capitalization exceeds $2 billion, resulting in a price-to-sales ratio of about 400x [4] - The company reported an Operating Income of -$4.0 million over the past four quarters, indicating poorer profit margins compared to most companies in the Trefis coverage universe [5] Group 3: Investment Metrics - A relevant metric for assessing the company is "ETH Concentration," which has increased by 23% since mid-June, enhancing shareholder exposure to Ethereum [6] - SharpLink may present a high-risk, high-reward investment opportunity for those looking to benefit from Ethereum's long-term potential through a regulated equity vehicle [6]

🚨JUST IN: NASDAQ-LISTED SHARPLINK GAMING ADDS ANOTHER 14,180 $ETH WORTH $50.1M TO ITS HOLDINGS ...

SHARPLINK GAMING NOW HOLDS OVER $1 BILLION USD OF ETHSharpLink Gaming just bought $68.4M of Ethereum. Combined with ETH’s price increase, this brings their holdings up to $1.10 Billion of ETH. (Not including Figment staking rewards)$SBET is buying $ETH. https://t.co/zLvmsaQno7 ...

Core Insights - SharpLink Gaming (SBET) has transitioned from a struggling marketing company to a high-volatility Ethereum proxy, reflecting the dynamics of the cryptocurrency market [2] - The stock experienced extreme price fluctuations, surging from $3 to $79 in eight days, followed by a crash to $9 due to equity offering plans, and has since recovered to $32 [3] Ethereum Connection - SharpLink holds approximately 300,000 ETH tokens, making it the largest corporate holder of Ethereum globally, with this position significantly exceeding the company's historical market value [4] - Ethereum's price has increased by 22% in the past month, benefiting SharpLink directly from any appreciation in ETH [4] Valuation Reality - Traditional equity analysis is limited as investors are valuing SBET based on potential future ETH appreciation rather than operational performance, leading to seemingly expensive valuations [4] Investment Considerations - SBET stock exhibits extreme volatility, with double-digit price swings expected, and its performance is heavily reliant on Ethereum's price movements [5] - The company faces risks including regulatory uncertainty, potential dilution from future equity offerings, and the need for specialized expertise to manage its crypto treasury [5] Suitability for Investors - The investment is suitable for those bullish on Ethereum's long-term prospects and who can tolerate high volatility, but it is unsuitable for traditional equity investors or risk-averse participants [6] Overall Assessment - SharpLink represents a high-risk, high-reward opportunity for gaining Ethereum exposure through public markets, with success dependent on ETH's price trajectory and the company's treasury management strategy [7]

Huge news out of SharpLink (SBET)- Total ETH holdings now at 280,706 ($842M) after acquiring a whopping 74,656 ETH in the past week- New #1 holder of ETH, well above ETH Foundation- $413M in proceeds from ATM program last week, $257M remains for new ETH buysSBET 📈 https://t.co/fYPgCTz3Mz ...

Core Insights - SharpLink Gaming, Inc. has become the world's largest corporate holder of Ether (ETH) with 280,706 ETH as of July 13, 2025, following its treasury strategy launch on June 2, 2025 [1][5] - The company has allocated 99.7% of its ETH holdings to staking protocols, earning approximately 94 ETH in staking rewards between July 7 and July 11, 2025, totaling 415 ETH since the strategy's inception [2][8] - SharpLink introduced a proprietary metric called "ETH Concentration" to measure its ETH exposure relative to its capital structure, which increased from 2.00 ETH to 2.46 ETH, a 23% rise, with $257 million still available for deployment [3][4] Financial Activities - During the week of July 7 through July 11, 2025, SharpLink purchased 74,656 ETH at a weighted average price of $2,852, raising approximately $413 million in net proceeds through its At-The-Market facility [8] - The company plans to continue providing updates on its treasury activities to ensure investor transparency [1]

Core Insights - SharpLink Gaming, Inc. has become the world's largest corporate holder of Ether (ETH) with 280,706 ETH as of July 13, 2025, following its treasury strategy launch on June 2, 2025 [1][5] - The company has allocated 99.7% of its ETH holdings to staking protocols, earning approximately 94 ETH in staking rewards between July 7 and July 11, 2025, totaling 415 ETH since the strategy's inception [2] - SharpLink introduced a proprietary metric called "ETH Concentration" to measure its ETH exposure relative to its capital structure, which increased from 2.00 ETH to 2.46 ETH, a 23% rise in just over a month [3][4] Financial Activities - During the week of July 7 through July 11, 2025, SharpLink purchased 74,656 ETH at a weighted average price of $2,852, raising approximately $413 million in net proceeds through its At-The-Market facility [8] - As of July 13, 2025, approximately $257 million remains to be deployed for ETH purchases [8] Company Overview - SharpLink Gaming, Inc. is headquartered in Minneapolis, Minnesota, and is recognized as the largest publicly traded company adopting ETH as its primary treasury reserve asset, aligning with the future of digital capital [5] - The company aims to innovate the online gaming and sports betting industry by leveraging smart contracts, DeFi protocols, and Web3 infrastructure, striving to create a more dynamic and equitable ecosystem [6]