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SharpLink's ETH Holdings Climb to 438,190 as of July 27, 2025; Raised $279.2 Million in ATM Net Proceeds For Week of July 21-25, 2025
GlobeNewswire News Room· 2025-07-29 12:00
Core Insights - SharpLink Gaming, Inc. has significantly increased its Ether (ETH) holdings and staking rewards, reflecting its commitment to Ethereum adoption and digital asset investment [2][6]. Weekly ETH and Capital Summary - As of July 27, 2025, SharpLink's ETH holdings rose to 438,190, an increase of 21% from the previous week [6]. - The company acquired 77,209.58 ETH during the week, maintaining an aggressive acquisition strategy [6]. - The average purchase price for ETH during the week was $3,756 [6]. - Cumulative staking rewards reached 722 ETH since the launch of the treasury strategy on June 2, 2025 [6]. - The ETH concentration metric increased to 3.40, up 70% since the launch of the treasury strategy [6]. Leadership Changes - Joseph Chalom, a former BlackRock digital asset pioneer, joined SharpLink as Co-Chief Executive Officer on July 24, 2025 [4][5]. - Chalom expressed enthusiasm for shaping the future of financial infrastructure and decentralized finance through SharpLink's alignment with the Ethereum ecosystem [5]. Capital Raising Activities - SharpLink raised $279.2 million in net proceeds through its At-the-Market (ATM) facility during the week ending July 25, 2025 [6]. - The company issued 10.8 million shares through the ATM facility during the same period [6].
SharpLink’s ETH Holdings Climb to 438,190 as of July 27, 2025; Raised $279.2 Million in ATM Net Proceeds For Week of July 21-25, 2025
Globenewswire· 2025-07-29 12:00
Core Insights - SharpLink Gaming, Inc. has significantly increased its Ether (ETH) holdings and capital raised through its At-the-Market (ATM) facility, reflecting a strong commitment to Ethereum adoption and digital assets [2][7]. Weekly ETH and Capital Summary - As of July 27, 2025, SharpLink's ETH holdings rose to 438,190, an increase of 21% from the previous week [7]. - The company acquired 77.2 ETH during the week, with an average purchase price of $3,756 [7]. - Cumulative staking rewards reached 722 ETH since the launch of the treasury strategy on June 2, 2025 [7]. - The ETH concentration metric increased to 3.40, up 70% since the treasury strategy's launch [7]. Leadership Changes - Joseph Chalom, a former BlackRock digital asset pioneer, joined SharpLink as Co-Chief Executive Officer on July 24, 2025, emphasizing the company's strategic alignment with the Ethereum ecosystem [4][5]. Company Overview - SharpLink Gaming, Inc. is one of the largest publicly traded companies adopting Ether as its primary treasury reserve asset, providing investors with direct exposure to Ethereum [6]. - The company aims to innovate in online gaming by developing scalable, secure, and transparent solutions [8].
Full Alliance Group Reports Second Quarter Preliminary results, Unveils Expansion into High-Growth Men's Wellness Personal Care and Health Virility segment, Association Digital Benefits, and Expands its Contract Manufacturing Markets
GlobeNewswire News Room· 2025-07-28 13:13
Core Insights - Full Alliance Group, Inc. reported preliminary unaudited revenue results for Q2 2025, estimating revenues over $750,000, a 47% increase from Q2 2024's $508,097, with expectations of exceeding $1 million in Q3 2025 due to new product launches and affiliate revenue [2][10] Group 1: Financial Performance - Estimated revenue for Q2 2025 is over $750,000, marking at least a 47% year-over-year increase from $508,097 in Q2 2024 [2] - Projected revenues for Q3 2025 are expected to exceed $1 million, driven by new product launches and DTC subscription momentum [2] Group 2: Men's Wellness Division - The men's personal care line contributed to consistent revenue growth in Q2, leveraging the expanding global men's grooming market projected to reach $78.8 billion by 2030 [3] - The company is expanding its men's health portfolio with targeted supplements in the testosterone booster market, valued at $5.84 billion in 2025, growing at a 6.5% CAGR [3] Group 3: HOCl Manufacturing - The hypochlorous acid division secured significant contract manufacturing opportunities, including for Amazon and major retail chains [4] - An innovative HOCl solution for agricultural applications was developed, specifically for pig farmers, leading to the company's first agricultural purchase order [4] Group 4: Market Positioning - Full Alliance Group is strategically positioned in three high-growth sectors: men's wellness, digital health, and clean science [5][6][7] - The global telehealth market is projected to grow from $186.4 billion in 2025 to $791 billion by 2032, representing a 22.9% CAGR [6] - The hypochlorous acid market was valued at $5.65 billion in 2024, with a projected growth rate of 5.6% CAGR through 2030 [7] Group 5: Business Development - The company's FDA-registered manufacturing subsidiary supports emerging health and beauty brands, focusing on Amazon-native and TikTok-first private label brands [8] - The Aquaox HOCl platform has completed FDA MOCRA registration and launched private label HOCl facial mist SKUs on Amazon and TikTok Shop [9] Group 6: Strategic Initiatives - The company is launching a direct-to-consumer marketing strategy utilizing Video Sales Letters (VSLs) to enhance customer acquisition [10] - Full Alliance Group aims to build a modern wellness company integrating compliant manufacturing and clean ingredients across multiple sectors [10]
Cathie Wood Just Loaded Up on This High-Flying Crypto Stock. Should You Follow Her Lead?
The Motley Fool· 2025-07-26 17:20
Core Insights - Bitmine Immersion Technologies has experienced a significant stock price increase of over 400% since announcing its Ethereum treasury strategy [1][2] - The company has pivoted from Bitcoin mining to focusing on Ethereum as its primary financial reserve, indicating a strategic shift in its business model [7][10] Company Overview - Bitmine's core business involves Bitcoin mining, utilizing immersion-cooled mining technology that is claimed to be more cost-effective and environmentally friendly compared to traditional methods [3] - The company also provides mining-as-a-service and Bitcoin treasury consulting services [3] Financial Performance - For fiscal 2024, Bitmine reported revenues of $3.3 million, reflecting a 413% year-over-year increase, primarily driven by its mining operations [4] - Despite the revenue growth, the company reported a net loss of $3.29 million, although its net cash used in operating activities showed improvement compared to the previous year [4] Strategic Moves - On June 30, Bitmine announced a $250 million private placement to fund its first Ethereum purchase, marking a significant strategic pivot [7] - The company aims to acquire and stake 5% of the overall Ethereum supply, holding 300,657 Ethereum tokens valued at over $1 billion as of July 17 [9][10] Market Position - Bitmine's stock has been volatile, peaking at $161 per share in early July before settling around $42 per share by July 24 [8] - The company is viewed as a "digital asset treasury" firm, differentiating itself from traditional Bitcoin miners [12] Investment Interest - Cathie Wood's Ark Investment Management has invested in Bitmine, purchasing 4.4 million shares, indicating strong institutional interest [2][11] - Other notable investors, such as Peter Thiel, have also taken positions in Bitmine, further validating its market potential [12] Valuation Metrics - Bitmine's price-to-sales (P/S) ratio stands at 16 on a trailing-12-month basis, suggesting it is trading at a premium compared to other crypto miners [14] - The company's valuation appears to be heavily influenced by its Ethereum holdings rather than its operational fundamentals [16][17]
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Uniswap Labs 🦄· 2025-07-25 19:03
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X @PancakeSwap
PancakeSwap· 2025-07-25 13:38
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GameSquare to Host Livestream to Discuss $250 Million Onchain Treasury Strategy
Prnewswire· 2025-07-25 12:30
Core Viewpoint - GameSquare Holdings, Inc. is set to host a livestream on July 29, 2025, to discuss its innovative $250 million Ethereum treasury strategy aimed at achieving onchain yields of 8–14% [1][5] Group 1: Ethereum Treasury Strategy - The company plans to leverage a differentiated Ethereum treasury strategy designed to deliver superior onchain yields compared to traditional methods [1][5] - The ETH-focused yield program utilizes Dialectic's proprietary platform, Medici, which employs machine learning and automated optimization to achieve yields significantly above the 3–4% ETH staking benchmark [5] Group 2: NFT Strategy and Acquisitions - GameSquare's recent acquisition of the Cowboy Ape CryptoPunk is part of its broader NFT strategy, targeting annualized stablecoin returns of 6–10% [2] - This acquisition underscores the company's belief in the long-term cultural and financial value of digital assets [4] Group 3: Tokenization and Business Transformation - The company is pursuing the tokenization of key assets across its business, which is expected to unlock significant value in areas such as digital rights and IP monetization [3] - This initiative represents a critical phase in GameSquare's transformation into a market-leading, fully digital-native company [3] Group 4: Leadership and Vision - Justin Kenna, CEO of GameSquare, emphasizes the company's commitment to building a high-yielding onchain treasury and leading public markets in understanding onchain ecosystems [4] - The livestream is positioned as a pivotal moment for the company as it accelerates its strategic moves in the crypto space [4]
SharpLink Welcomes BlackRock Digital Assets Pioneer Joseph Chalom as Newly Appointed Co-CEO
Globenewswire· 2025-07-25 12:00
Company Overview - SharpLink Gaming, Inc. is one of the world's largest corporate holders of Ether (ETH) and a prominent advocate for Ethereum adoption [1][8] - The company is headquartered in Minneapolis, Minnesota, and is publicly traded on Nasdaq under the ticker SBET [8] Leadership Changes - Joseph Chalom, a former senior executive at BlackRock, has been appointed as the new Co-Chief Executive Officer of SharpLink, effective July 24, 2025 [1] - Rob Phythian, the current CEO, will transition to the role of President and remain on the Board of Directors [2] Strategic Vision - Joseph Chalom's appointment is seen as a validation of SharpLink's ETH treasury strategy and its vision for Ethereum to drive transformative change in the digital economy [3] - Chalom expressed enthusiasm for shaping the future of financial infrastructure and decentralized finance, aligning SharpLink's strategic direction with the Ethereum ecosystem [4] Chalom's Background - Chalom has over 20 years of experience at BlackRock, where he led digital finance innovations and was instrumental in launching the iShares Ethereum Trust (ETHA), which has over $10 billion in assets [1][5] - He held multiple senior leadership roles at BlackRock, including interim Deputy Chief Operating Officer and Chief Operating Officer of BlackRock Solutions [6] Industry Position - SharpLink is positioned as a leader in the online gaming sector, aiming to innovate and challenge outdated models through scalable, secure, and transparent solutions [9]
GameSquare Acquires Iconic Cowboy Ape CryptoPunk from DeFi Pioneer Robert Leshner
Prnewswire· 2025-07-24 13:00
Core Insights - GameSquare Holdings, Inc. has made a strategic investment by purchasing a rare "Cowboy Ape" CryptoPunk NFT from Robert Leshner for $5.15 million in preferred stock, marking its first direct NFT investment [1][2][3] - The acquisition is part of GameSquare's blockchain-native brand and treasury strategy, which aims for annualized stablecoin returns of 6-10% [1][5] - GameSquare's Ethereum treasury holdings have increased to over $52 million, following a recent $10 million purchase of approximately 2,742.75 ETH [1][7] Investment Strategy - The NFT yield program targets an expected annualized return of 6-10% by leveraging digital assets within the Ethereum ecosystem [5] - GameSquare plans to utilize CryptoPunks for marketing, community building, and potential licensing opportunities, enhancing its Web3 strategy [5] - The company has formed strategic partnerships with leaders in the crypto space to manage and optimize its treasury management program [8] Asset Management - GameSquare's ETH-focused yield generation strategy is built on Dialectic's proprietary platform, aiming for onchain yields of 8-14%, significantly higher than current ETH staking benchmarks [9] - The company has authorized $250 million for its crypto treasury management strategy, with $45 million already invested in ETH [7][8] - Once fully implemented, capital generated from the yield strategy is expected to support additional ETH purchases or reinvest in growth initiatives [10] Leadership and Vision - Justin Kenna, CEO of GameSquare, expressed excitement about the NFT investment and the partnership with Robert Leshner, highlighting the company's forward-thinking strategy in onchain finance [2][3] - The acquisition of the CryptoPunk is seen as a strategic investment and a statement of intent regarding the long-term value of digital identity and decentralized ownership [4]