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]

Core Viewpoint - SharpLink Gaming, Inc. has strategically increased its Ethereum holdings and is positioning itself as a leader in the digital economy by embedding Ethereum into its capital strategy [1][3][7] Group 1: Ethereum Holdings and Financial Strategy - SharpLink has increased its total Ethereum holdings to 198,167 ETH, acquiring an additional 9,468 ETH for $22,825,734 at a weighted 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 further increasing its ETH treasury holdings [2] - As of June 30, 2025, 100% of SharpLink's ETH reserves have been deployed in staking protocols, earning 102 ETH in rewards during June 21-27, 2025 [3] Group 2: New Reporting Metrics and Performance - SharpLink introduced a new reporting metric called "ETH Concentration," calculated by dividing the number of ETH held by 1,000 assumed diluted shares outstanding [4] - The initial ETH Concentration was 2.00 ETH and has increased by 17.7% to 2.35 ETH as of June 27, 2025 [5] Group 3: Investor Relations and Strategic Partnerships - SharpLink has engaged Elevate IR as its investor relations agency to develop a comprehensive communications strategy tailored to the company's evolving priorities [6] - The CEO emphasized that Ethereum is not just a treasury asset but a foundational element for the next generation of capital management and online gaming infrastructure [7] Group 4: Industry Positioning and Future Vision - SharpLink aims to transform the multi-billion-dollar iGaming industry into a more dynamic and equitable ecosystem by leveraging smart contracts, DeFi protocols, and Web3 infrastructure [8]