SharpLink Gaming Expands ETH Treasury Holdings to 188,478

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]