SharpLink Becomes World’s Largest Corporate Holder of ETH, Reaching 280,706 as of July 13, 2025; Raises Additional $413 Million From July 7-11, 2025

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]