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SharpLink Gaming Increases ETH Treasury Holdings to 198,478; Staking Rewards Yield 222 ETH Since June 2, 2025
Globenewswire· 2025-07-01 12:00
Core Insights - SharpLink Gaming, Inc. has strategically increased its Ethereum (ETH) holdings to 198,167, acquiring an additional 9,468 ETH for $22,825,734 at an average price of $2,411 per ETH during June 23-27, 2025 [1] - The company raised approximately $24.4 million in net proceeds through its At-The-Market facility by selling 2,525,637 shares, with a majority of the proceeds aimed at increasing ETH treasury holdings [2] - SharpLink's ETH reserves are fully deployed in staking protocols, earning 102 ETH in rewards during June 21-27, 2025 [3] - The company introduced a new reporting metric called "ETH Concentration," which measures the number of ETH held relative to assumed diluted shares outstanding [4] - SharpLink's ETH Concentration has increased from 2.00 ETH to 2.35 ETH, reflecting a 17.7% rise as of June 27, 2025 [5] - The company has engaged Elevate IR as its investor relations agency to enhance communication and strategy [6] - SharpLink views Ethereum as a foundational asset for future capital management and online gaming infrastructure [7] - The company aims to transform the iGaming industry by leveraging smart contracts, DeFi protocols, and Web3 infrastructure [8]
SharpLink Gaming Expands ETH Treasury Holdings to 188,478
Globenewswire· 2025-06-24 12:00
Core Insights - SharpLink Gaming, Inc. has strategically increased its Ethereum holdings to 188,478 ETH, acquiring an additional 12,207 ETH for $30,674,829 at an average price of $2,513 per ETH during June 16-20, 2025 [1][2] - The company raised approximately $27.7 million in net proceeds through its At-The-Market facility by selling 2,547,180 shares, with a majority of the proceeds aimed at further increasing its ETH treasury holdings [2] - As of June 20, 2025, 100% of SharpLink's ETH holdings have been deployed in staking solutions, generating 120 ETH rewards since launching its ETH-focused treasury strategy on June 2, 2025, resulting in an 18.97% growth in ETH per share [3] Company Strategy - The increase in ETH holdings reflects SharpLink's commitment to creating long-term value for stockholders and positioning itself at the intersection of blockchain advancement and iGaming engagement [4] - The company aims to leverage blockchain technologies to strengthen its treasury foundation and strategic growth trajectory, with plans to regularly update stockholders on its digital asset strategy [4] Industry Position - SharpLink is the largest publicly traded company adopting Ethereum as its primary treasury reserve asset, aligning itself with the future of digital capital and providing investors exposure to the leading smart-contract platform [5] - The company is focused on transforming the multi-billion-dollar iGaming industry by building scalable, secure, and transparent solutions that utilize smart contracts, DeFi protocols, and Web3 infrastructure [6]
SharpLink Gaming Announces Commencement of Options Trading on Nasdaq
Globenewswire· 2025-06-23 12:10
Core Insights - SharpLink Gaming, Inc. has received approval for options trading on the Nasdaq Options Market, enhancing investor access and liquidity for its shares [1][2][3] - The commencement of options trading is seen as a significant achievement that reflects growing investor interest and confidence in the company's long-term strategic outlook [2][3] - SharpLink is the largest publicly traded holder of Ethereum (ETH), aligning its treasury strategy with the future of digital capital [4] Company Overview - SharpLink Gaming, Inc. is headquartered in Minneapolis, Minnesota, and is recognized as the world's largest publicly traded company adopting ETH as its primary treasury reserve asset [4] - The company aims to transform the iGaming industry by leveraging smart contracts, DeFi protocols, and Web3 infrastructure to create a more dynamic and equitable ecosystem [5] Options Trading Details - Options trading for SharpLink commenced on June 18, 2025, under the ticker symbol "SBET," offering a range of standard expiration dates and strike prices [2] - The trading will be available through the Options Clearing Corporation and will adhere to standard rules and regulations established by Nasdaq and the OCC [3]
SharpLink Gaming Acquires 176,271 ETH for $463 Million, Officially Becoming Largest Publicly-Traded ETH Holder
Globenewswire· 2025-06-13 12:00
Core Insights - SharpLink Gaming, Inc. has strategically acquired 176,270.69 ETH for a total cost of $462,947,816, making it the largest publicly-traded holder of ETH globally, second only to the Ethereum Foundation [1][4] - The company has raised approximately $79 million through its at-the-market (ATM) facility, primarily to fund further ETH purchases, resulting in an 11.8% growth in ETH per share since June 2, 2025 [1][5] - Over 95% of SharpLink's ETH holdings are actively deployed in staking and liquid staking solutions, enhancing Ethereum's network security while generating yield [2] Treasury Strategy and Market Impact - SharpLink is the first Nasdaq-listed company to adopt a treasury reserve policy focused on ETH, aiming to provide shareholders with significant economic exposure to ETH and promote blockchain's transformative potential [4][6] - The company's CEO emphasized the foundational role of Ethereum in digital commerce and decentralized applications, indicating a strong belief in its future [3] Company Overview - SharpLink Gaming is headquartered in Minneapolis, Minnesota, and is recognized as a pioneer in developing a treasury strategy centered on ETH [6] - The company operates as a marketing partner for sportsbooks and online casino gaming operators, focusing on driving traffic and player acquisitions through its affiliate marketing network [7]
异动盘点0604| AI, 健康, 物流齐爆发, 多股创新高;优趣汇暴涨24%;Corewave再涨25%;HIMS跌超3%
贝塔投资智库· 2025-06-04 03:57
点击蓝字,关注我们 3. 长飞光纤光缆(06869)涨近10%。 近日,长飞先进武汉基地一期已实现量产通线,首片6寸碳化硅晶 圆成功下线。 今日上午港股 4. 华南职业教育(06913)涨超10%。 华南职业教育目前主要运营着广东岭南职业技术学院、广东岭南 现代技师学院两所学校。 1. 优趣汇控股(02177)涨超24% 。优趣汇为国内领先的品牌电子商务运营服务商,公司积极布局大健 康领域,推出了包含麦角硫因活性成分的加拿大抗衰老健康食品品牌Vanpearl。 5. 顺丰控股(06936)涨超5% 。2025年4月全国快递企业件量163.2亿件,同比增长19.1%。海通国际表 示,2025年4月件量维持较高增速超邮管局全年预测,后续叠加消费提振与电商扶持刺激下,预计全 年有望保持较快增长。 6. 阿里影业(01060)涨超4%。 阿里影业披露,6月与百联ZX造趣场进行Chiikawa快闪店活动。同时, 董事会建议将公司名称由阿里影业更改为大麦娱乐,此次更名或标志着阿里影业在未来将更加聚焦线 下演出、IP衍生两大高成长性方向。 7. 信达生物(01801)涨超4%。 信达生物在2025年ASCO年会上公布,其创 ...
SharpLink Announces Closing of $425,000,000 Private Placement Led by Consensys Software Inc., Will Become the Largest Publicly-Traded ETH Holder Globally
Globenewswire· 2025-06-02 12:23
Core Insights - SharpLink Gaming, Inc. has closed a $425 million private placement to implement a treasury strategy focused on Ethereum, becoming one of the first Nasdaq-listed companies to do so [1][3] - Joseph Lubin, Founder and CEO of Consensys and Co-Founder of Ethereum, has been appointed as Chairman of SharpLink's board of directors [1][4] - The transaction allows SharpLink to adopt ETH as its primary treasury reserve asset, enhancing its access to decentralized finance mechanisms and staking activities [3][4] Company Overview - SharpLink is an online performance-based marketing company serving the U.S. sports betting and global iGaming industries [1] - The company aims to provide investors with economic exposure to ETH and advocate for its role as digital capital [8] - SharpLink operates a portfolio of affiliate marketing websites designed to drive traffic to licensed sports betting and online casino gaming partners [9] Strategic Partnerships - The private placement included participation from notable crypto venture capital firms such as ParaFi Capital, Electric Capital, and Galaxy Digital [2] - SharpLink has entered into Asset Management Agreements with ParaFi and Galaxy Asset Management to oversee its Ethereum Treasury strategy [3] - The partnership with Consensys is seen as a pivotal moment for SharpLink, combining its capital markets experience with Consensys' technological leadership [4] Industry Context - Ethereum is recognized for powering stablecoin payments, tokenized assets, and decentralized financial applications, making it a strategic asset for companies like SharpLink [3] - The growing recognition of programmable assets like ETH in capital markets reflects a shift in how value and financial systems are structured globally [4][10]
What's Behind The 1,000% Rise For SBET Stock?
Forbes· 2025-05-28 12:40
Core Viewpoint - SharpLink Gaming has transformed from a struggling online marketing company to a potential leading publicly-traded Ethereum proxy, following a significant stock surge of 1,067% after announcing a $425 million private placement to adopt Ethereum as its primary treasury reserve asset [1] Financial Performance - SharpLink's revenues have decreased by 31%, from $5.0 million to $3.4 million over the past 12 months, underperforming the S&P 500's growth rate of 5.5% [2] - Quarterly revenues have dropped by 24.0%, from $0.976 million a year ago to $0.742 million in the most recent quarter [2] Profitability Metrics - The company reported an Operating Income of -$4.0 million, resulting in an Operating Margin of -116.8%, compared to 13.2% for the S&P 500 [3] - SharpLink's Operating Cash Flow (OCF) was -$4.0 million, yielding an OCF Margin of -117%, while the S&P 500 has an OCF Margin of 14.9% [3] - The Net Income of -$3.2 million indicates a Net Income Margin of -94.1%, contrasting with the S&P 500's 11.6% [3] Strategic Transformation - The $425 million raise positions SharpLink as a publicly-traded Ethereum vehicle, akin to MicroStrategy's role as a Bitcoin proxy, with a more integrated approach through leadership from Joseph Lubin and backing from major crypto venture capital firms [4] - The focus on sports betting and iGaming industries may benefit from blockchain integration, particularly with support from the Ethereum ecosystem [4]
SharpLink Gaming Announces $425,000,000 Private Placement to Initiate Ethereum Treasury Strategy
Globenewswire· 2025-05-27 12:00
Company Overview - SharpLink Gaming, Inc. is an online performance-based marketing company focused on the U.S. sports betting and global iGaming industries [1][9] - The company operates an affiliate marketing network known as PAS.net, driving qualified traffic and player acquisitions for regulated sportsbooks and online casino operators [9] Private Placement Details - SharpLink has entered into securities purchase agreements for a private investment in public equity (PIPE), involving the sale of 69,100,313 shares at a price of $6.15 per share, aiming for gross proceeds of approximately $425 million [1][2] - The closing of the offering is expected around May 29, 2025, subject to customary closing conditions [3] Strategic Developments - Upon closing the private placement, SharpLink will adopt an Ethereum Treasury Strategy, with plans to acquire Ethereum (ETH) as its primary treasury reserve asset [3][10] - Joseph Lubin, Founder and CEO of Consensys, will become Chairman of the Board of Directors of SharpLink following the private placement [1][12] Investor Participation - The lead investor in the offering is Consensys Software Inc., along with participation from various prominent crypto venture capital firms [2] - Notable investors include ParaFi Capital, Electric Capital, Pantera Capital, and Galaxy Digital among others [2] Future Collaboration - Consensys aims to partner with SharpLink to explore and develop the Ethereum Treasury Strategy and provide strategic advisory services [5]
SharpLink Gaming Announces Pricing of $4.5 Million Public Offering Priced At-The-Market Under Nasdaq Rules
Globenewswire· 2025-05-20 13:05
Company Overview - SharpLink Gaming, Inc. is an online performance-based marketing company focused on the U.S. sports betting and global iGaming industries [5] - The company operates an affiliate marketing network known as PAS.net, which has received industry recognition for its performance [5] Offering Details - SharpLink announced a public offering of up to 1,530,612 shares of common stock at a price of $2.94 per share, expecting to raise approximately $4.5 million in gross proceeds [1][2] - The closing of the offering is anticipated on or about May 21, 2025, pending customary closing conditions [2] - The net proceeds from the offering will be used for working capital and general corporate purposes, as detailed in the prospectus filed with the SEC [2] Regulatory Information - The offering is conducted under a registration statement on Form S-1, which became effective on May 20, 2025 [3] - A preliminary prospectus has been filed with the SEC, and the final prospectus will be available on the SEC's website [3]
SharpLink Gaming Announces 1-for-12 Reverse Stock Split
Globenewswire· 2025-05-01 13:40
Core Viewpoint - SharpLink Gaming, Inc. announced a 1-for-12 reverse stock split to increase its stock price above the $1.00 minimum bid requirement for continued listing on The Nasdaq Capital Market [2]. Group 1: Reverse Stock Split Details - The reverse stock split will be effective for trading purposes on May 6, 2025, where every twelve pre-split shares will convert into one post-split share [1][2]. - The reverse split will also apply to common stock issuable upon the exercise of outstanding warrants and stock options, but will not reduce the number of authorized shares [2]. - Fractional shares resulting from the reverse split will be rounded to the nearest whole share, with no cash provided for fractional shares [3]. Group 2: Company Overview - SharpLink Gaming, Inc. is an online performance-based marketing company focused on the U.S. sports betting and global iGaming industries [1]. - The company operates the PAS.net affiliate marketing network, recognized as a top affiliate website and program in the European online gambling industry for four consecutive years [4]. - SharpLink also manages state-specific affiliate marketing websites aimed at driving traffic to licensed sports betting and online casino operators [4].