SharpLink Grows ETH Holdings to 205,634; Earns 322 ETH in Staking Rewards Since Launch of Treasury Strategy on June 2, 2025

Core Insights - SharpLink Gaming, Inc. has acquired an additional 7,689 ETH, bringing total holdings to 205,634 ETH, purchased at a weighted average price of $2,501 per ETH [1][10] - The company raised approximately $64.0 million in net proceeds through its At-The-Market facility, with $37.2 million expected to be allocated for ETH purchases [2][10] - SharpLink has committed 100% of its ETH holdings to staking protocols, earning approximately 100 ETH in rewards during the last week, totaling 322 ETH since the program's initiation [3][10] - The introduction of "ETH Concentration" as a transparency metric allows investors to assess the company's ETH exposure relative to its equity structure [4][10] - Since the announcement of ETH purchases on June 13, 2025, the company's ETH Concentration has increased by 19%, from 2.00 ETH to 2.37 ETH [6][10] - Joseph Lubin, Chairman of SharpLink, emphasized the importance of disciplined execution of the ETH-centric treasury management strategy and operational transparency [7] Financial Performance - The total ETH holdings of SharpLink now stand at 205,634 ETH following the recent acquisition [1][10] - The company raised $64.0 million in net proceeds, with a significant portion expected to be deployed in ETH purchases [2][10] - The staking rewards have contributed to a total estimated yield of 322 ETH since the staking program began [3][10] Strategic Initiatives - SharpLink is focused on enhancing visibility into its treasury performance through the new "ETH Concentration" metric [4][10] - The company aims to transform the iGaming industry by leveraging smart contracts, DeFi protocols, and Web3 infrastructure [9]