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SharpLink Announces Total ETH Holdings Rise to 837,230 as of August 31, 2025
Globenewswire· 2025-09-02 12:00
Core Viewpoint - SharpLink Gaming, Inc. has successfully increased its Ether (ETH) holdings and staking rewards, demonstrating effective treasury management and capital raising strategies [2][6]. Group 1: Company Performance - Total ETH holdings increased to 837,230, valued at over $3.6 billion [6]. - Total staking rewards rose to 2,318 ETH since the launch of the treasury strategy on June 2, 2025 [6]. - Average ETH purchase price for the week ending August 31, 2025, was $4,531 [6]. Group 2: Capital Raising and Market Strategy - $46.6 million in net proceeds were raised through the At-the-Market (ATM) facility during the week [6]. - The company remains opportunistic in capital raising initiatives and closely monitors market conditions to maximize shareholder value [2]. Group 3: Weekly ETH and Capital Summary - Beginning balance of ETH on August 31, 2025, was 797.7K, with an ending balance of 837.2K [4]. - ETH acquired during the week was 39.0K, with staking rewards of 0.5K ETH [4]. - ETH concentration metric rose to 3.94, up over 97% since June 2, 2025 [6].
SharpLink Announces Total ETH Holdings Increased to 797,704 as of August 24, 2025; Raised $360.9 Million in Net Proceeds for Week of August 18 - August 22, 2025
Globenewswire· 2025-08-26 12:00
Core Insights - SharpLink Gaming, Inc. has significantly increased its Ether (ETH) holdings and staking rewards, demonstrating a strong commitment to Ethereum adoption and long-term value creation for shareholders [1][2][4] Weekly ETH and Capital Summary - As of August 24, 2025, SharpLink holds approximately 797,704 ETH, valued at around $3.7 billion, with total staking rewards reaching 1,799 ETH since the treasury strategy launch on June 2, 2025 [1][4] - The company acquired 56,533 ETH during the week ending August 24, 2025, with an average purchase price of $4,462 per ETH [3][4] - SharpLink raised $360.9 million in net proceeds through its At-the-Market (ATM) facility during the same week [3][4] Financial Position - The company has approximately $200 million in cash available for further ETH acquisitions, indicating strong liquidity [1][4] - The ETH concentration on a cash-converted basis exceeds 4.00, reflecting over a 100% increase since the treasury strategy's inception [4] Leadership Statement - Joseph Chalom, Co-CEO of SharpLink, emphasized the company's commitment to building long-term value while supporting the broader Ethereum ecosystem [2]