Core Viewpoint - SharpLink Gaming, Inc. has established Ether (ETH) as its primary treasury reserve asset, aiming to provide investors with an efficient way to engage in Ethereum's financial transformation [2][4]. Financial Strategy - The company is strategically accumulating ETH through disciplined capital formation and active treasury management, resulting in a yield-generating ETH treasury that enhances growth and aligns stockholder interests with the Ethereum ecosystem [3][6]. - SharpLink's treasury strategy is based on the belief that ETH will be the core trust commodity of the next-generation financial system [4]. Key Highlights - Since launching its ETH treasury strategy, SharpLink has raised over $2.6 billion in capital and acquired 728,804 ETH, significantly increasing its ETH Concentration metric by 98% from 2.00 to 3.95 [8][9]. - The company has staked nearly 100% of its ETH, generating cumulative rewards of approximately 1,326 ETH to date [8]. Financial Performance - For the three months ended June 30, 2025, SharpLink reported revenue of $0.7 million, a decrease from $1.0 million in the same period last year, with a gross profit of $0.2 million [9]. - The company incurred a net loss of $103.4 million, primarily due to a non-cash impairment loss of $87.8 million on liquid staked ETH holdings and non-cash stock-based compensation [13]. Leadership and Partnerships - SharpLink has built a world-class leadership team, including Joseph Lubin, Co-Founder of Ethereum, as Chairman of the Board, and Joseph Chalom, a veteran from BlackRock, as Co-CEO [8]. - The company has entered a strategic partnership with Consensys, enhancing its position in the Ethereum ecosystem [8].