SharpLink Reports Total ETH Holdings Climb to 740,760 as of August 17, 2025; Raised $537 Million in Net Proceeds for Week of August 10 - August 15, 2025

Core Insights - SharpLink Gaming, Inc. has reported an increase in total staking rewards to 1,388 ETH as of August 17, 2025, reflecting the company's commitment to Ethereum adoption and its treasury strategy [1][5]. Weekly ETH and Capital Summary - The company began the week with a balance of 596.8K ETH and acquired an additional 143.6K ETH, bringing the ending balance to 740.8K ETH [3]. - The average purchase price for ETH during the week was $4,648, indicating a significant investment in the cryptocurrency [3][5]. - The company raised $146.5 million in net proceeds through its At-the-Market (ATM) facility and $390 million through a registered direct offering, which closed on August 11, 2025 [5]. ETH Concentration and Performance Metrics - The ETH concentration metric rose to 3.87, representing a 94% increase since the launch of the treasury strategy on June 2, 2025 [3][5]. - The company has over $84 million in cash on hand that has yet to be deployed into ETH acquisitions, indicating potential for future investments [5]. Company Overview - SharpLink Gaming, Inc. is one of the largest publicly traded companies adopting Ether (ETH) as its primary treasury reserve asset, aligning with the future of digital capital [4]. - The company is focused on reimagining the online gaming industry, leveraging a team with extensive experience in sports media, gaming, and technology [5].