SharpLink Gaming Increases ETH Treasury Holdings to 198,478; Staking Rewards Yield 222 ETH Since June 2, 2025

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]