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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· 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].
Roblox Stock Soars 79% in 3 Months: Lock in Gains or Hold Tight?
ZACKS· 2025-07-28 14:11
Core Insights - Roblox Corporation (RBLX) has experienced a significant stock surge of 78.9% over the past three months, outperforming the industry and the S&P 500, which saw increases of 27.1% and 15.2%, respectively [1] - The stock closed at $118.82, just 7.2% below its 52-week high and 236.6% above its 52-week low [1] Price Performance - RBLX is trading above its 50-day moving average, indicating strong upward momentum and price stability, reflecting positive market sentiment and confidence in the company's financial health [5] Growth Drivers - Roblox is benefiting from strategic initiatives, including international expansion, with notable user growth in India (77%) and Japan (48%), and a shift towards a more monetizable user demographic [6][7] - Engagement hours increased by 30% year-over-year, indicating strong user retention and platform depth [7] - Developer support has been enhanced through monetization tools, leading to a 39% year-over-year increase in developer payouts in Q1 2025, with over 100 developers earning above $1 million [8] - AI is being leveraged for operational efficiency, content moderation, and user experience improvements, with emerging capabilities in content creation [10][11] Revenue and Financial Health - Roblox's diversified revenue streams are improving monetization, supported by a partnership with Google for scalable ad formats and strong free cash flow generation, which surged 123% year-over-year, resulting in a cash position of $4.5 billion [12] - The Zacks Consensus Estimate for fiscal 2025 and 2026 sales is projected at $5.59 billion and $6.71 billion, reflecting year-over-year growth of 28% and 19.9%, respectively [14] Valuation - RBLX is currently valued at a premium on a forward 12-month price-to-sales basis, with a ratio of 12.94, higher than industry peers [17] Conclusion - Roblox's impressive rally is driven by expanding international reach, a more engaged user base, rising developer payouts, AI enhancements, and diversified monetization efforts, indicating strong fundamentals and a healthy cash position [20]
3 Tech Stocks to Watch During Earnings Season
The Motley Fool· 2025-07-28 07:15
Group 1: Nvidia - Nvidia is a key player in the AI chip market and is expected to report significant earnings, with a focus on its ability to sustain growth driven by AI [3][4] - The company has recently announced plans to resume sales of its H20 chips to China, which could positively impact its financials after a $4.5 billion inventory write-off and an $8 billion reduction in Q2 sales guidance due to previous export bans [6] - Nvidia's stock trades at a P/E ratio of 55, with analysts projecting a 29% annualized earnings growth, indicating potential for solid investment returns [7] Group 2: Roblox - Roblox's upcoming earnings report is highly anticipated, particularly due to the success of its game "Grow a Garden," which has driven the stock up by 105% year-to-date and set records for concurrent users [8][9] - Analysts predict Roblox will generate $1.25 billion in revenue for Q2, reflecting a 31% year-over-year growth, which is crucial for justifying the stock's rally [9][10] - Key metrics to watch include revenue growth and operating margin, with any improvement in operating margin being a significant positive indicator for the company [12][13] Group 3: Advanced Micro Devices (AMD) - AMD is expected to report earnings soon, with a focus on its data center segment, which has become the largest and fastest-growing part of the company [14][16] - Analysts estimate AMD's revenue for Q2 to be $7.4 billion, representing a 27% increase, which is a positive sign compared to previous quarters [18] - Despite a high P/E ratio of 116, the forward P/E ratio is projected to be 40, suggesting potential for continued growth if the upcoming report aligns with market optimism [19]
Roblox (RBLX) Is Up 17.80% in One Week: What You Should Know
ZACKS· 2025-07-23 17:00
Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1]. Company Summary: Roblox (RBLX) - Roblox currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2]. - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook compared to the market [3]. - Over the past week, RBLX shares have increased by 17.8%, outperforming the flat performance of the Zacks Gaming industry [5]. - In a longer timeframe, RBLX shares have risen by 81.02% over the past quarter and 192.6% over the last year, significantly outperforming the S&P 500's gains of 19.69% and 14.71% respectively [6]. - The average 20-day trading volume for RBLX is 7,782,626 shares, indicating a bullish trend as the stock is rising with above-average volume [7]. Earnings Outlook - In the past two months, five earnings estimates for RBLX have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from -$1.41 to -$1.36 [9]. - For the next fiscal year, five estimates have also moved upwards without any downward revisions [9]. Conclusion - Considering the positive momentum indicators and earnings outlook, RBLX is positioned as a 2 (Buy) stock with a Momentum Score of A, making it a strong candidate for near-term investment [10][11].
SharpLink's ETH Holdings Increase to 360,807 as of July, 20, 2025; Generated 567 ETH in Staking Rewards Since Treasury Strategy Launch on June 2, 2025
GlobeNewswire News Room· 2025-07-22 12:00
Core Insights - SharpLink Gaming, Inc. has reported a significant increase in its Ether (ETH) holdings, reaching 360,807 ETH, which is a 29% increase from the previous week [7] - The company purchased 79,949 ETH during the week, marking the highest weekly acquisition in its historical reporting [7] - The average purchase price for ETH during this period was $3,238, with an ETH concentration increase to 3.06, up 53% since the launch of its digital treasury strategy [7] Weekly ETH and Capital Summary - Beginning balance of ETH was 206,000 units, ending balance rose to 360,800 units [3] - Total ETH acquired during the week was 79,900 units, with staking rewards of 0.2 units [3] - The company issued 3.8 million ATM shares, generating net proceeds of $96.6 million [3] Commentary on the Genius Act - The signing of the Genius Act into law is seen as a pivotal moment for the digital asset and blockchain industries, providing a clear regulatory framework [5] - This legislation is expected to foster innovation, investment, and institutional adoption, aligning with SharpLink's growth strategies [5][6] - The regulatory clarity is anticipated to enhance the operational environment for companies like SharpLink, allowing them to leverage Ethereum's capabilities [6] Strategic Focus - SharpLink aims to strategically utilize its ATM facility to enhance its ETH treasury, supporting long-term growth objectives [4] - The company is focused on transforming the iGaming industry by leveraging blockchain technologies, aiming to create a more dynamic and equitable ecosystem [9] - The firm is positioned as a leader in the digital capital space, providing investors with direct exposure to Ethereum [8]
SharpLink’s ETH Holdings Increase to 360,807 as of July, 20, 2025; Generated 567 ETH in Staking Rewards Since Treasury Strategy Launch on June 2, 2025
Globenewswire· 2025-07-22 12:00
MINNEAPOLIS, MN, July 22, 2025 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (Nasdaq: SBET) ("SharpLink" or the "Company"), the world's largest corporate holder of Ether ("ETH") as its primary treasury reserve asset, today issued its weekly update on the Company's ETH holdings and capital raised through its At- The-Market ("ATM") facility during the week Monday, July 14, 2025 through Sunday, July 20, 2025. Key Highlights for the Week Ending July 20, 2025: Company Applauds Signing of Genius Act into Law by Pres ...
How Crypto Drove Sharplink Gaming Stock Up 50% Last Week
Forbes· 2025-07-18 15:00
Core Insights - SharpLink Gaming stock (NASDAQ:SBET) has seen a nearly 50% increase in the last week and over 100% in the past month, driven by investor enthusiasm regarding its venture into Ethereum [2] - The company holds 280,706 ETH, positioning it as one of the largest corporate holders of the cryptocurrency [2] Group 1: Business Focus and Strategy - Initially focused on online gaming and sports wagering, SharpLink is now shifting towards blockchain-based finance and integrating blockchain technology into its betting experience [3] - The company has adopted an aggressive ETH staking strategy, with over 99% of its ETH holdings allocated to staking protocols, generating over 400 ETH in rewards since the strategy's initiation [3] Group 2: Financial Performance - SharpLink Gaming has experienced an average revenue growth rate of 19.6% over the past three years, compared to a 5.5% increase for the S&P 500, although sales have declined by 27.0% in the last 12 months to approximately $5 million [4] - The company's market capitalization exceeds $2 billion, resulting in a price-to-sales ratio of about 400x [4] - The company reported an Operating Income of -$4.0 million over the past four quarters, indicating poorer profit margins compared to most companies in the Trefis coverage universe [5] Group 3: Investment Metrics - A relevant metric for assessing the company is "ETH Concentration," which has increased by 23% since mid-June, enhancing shareholder exposure to Ethereum [6] - SharpLink may present a high-risk, high-reward investment opportunity for those looking to benefit from Ethereum's long-term potential through a regulated equity vehicle [6]
Bluesky Digital Assets Completes Second Tranche Closing of its Current Non-Brokered Private Placement Offering
Newsfile· 2025-07-15 20:50
Core Points - Bluesky Digital Assets Corp. has closed the second tranche of its Non-Brokered Private Placement, raising a total of C$310,000 across both tranches [1][2] - The second tranche involved the issuance of 1,200,000 Units at a price of C$0.12 per Unit, with gross proceeds of C$100,000 [1] - The Offering is extended to August 15, 2025, with a total of up to 8,333,333 Units available for sale, aiming for aggregate gross proceeds of up to C$1,000,000 [2] Financial Details - Each Unit consists of one Common Share and one Common Share Purchase Warrant, with the Warrant allowing the purchase of an additional Common Share at C$0.15 for 24 months [3] - A cash finder's fee of C$12,000 was paid on the first tranche, and 18,000 Finder's Warrants were issued, while no finders' fees were paid on the second tranche [1][4] Use of Proceeds - The net proceeds from the Offering will be utilized to advance the Corporation's AI development and online gaming initiatives, as well as for general working capital purposes [6] Company Overview - Bluesky Digital Assets Corp. operates at the intersection of Artificial Intelligence, Blockchain, and Web3 business solutions, leveraging proprietary technology solutions [7] - The company's platform, BlueskyINTEL, is designed to support businesses in adopting emerging technologies, capitalizing on the growth of AI and Blockchain [7]
WWE® & Fanatics Betting and Gaming to Produce WWE-Themed Online Casino Games in U.S.
GlobeNewswire News Room· 2025-07-15 16:07
Core Points - WWE and Fanatics Betting and Gaming have entered into an exclusive multi-year licensing agreement for the production and distribution of WWE-themed online casino games in the United States [1][2] - The WWE-themed online casino games will launch at the end of July, coinciding with the SummerSlam event scheduled for August 2 and 3 [2][5] - The partnership expands the existing relationship between WWE and Fanatics, which already includes global e-commerce and licensed merchandise [3] Company Overview - WWE is a global leader in sports entertainment, delivering original content 52 weeks a year to a worldwide audience [8] - WWE's programming is available in over 1 billion households across more than 20 languages, with distribution partners including NBCUniversal and Netflix [8] - Fanatics Betting and Gaming, launched in 2021, is a subsidiary of Fanatics, focusing on online and retail sports betting and online casino operations [10] Product Details - The WWE-themed online casino games will include titles such as WWE Blackjack, Raw Multiplier Melee, SmackDown Big Money Entrance!, WWE Bonus Rumble Gold Blitz, and WWE Clash of the Wilds [3] - Fanatics Casino offers a wide range of gaming experiences, including slots, blackjack, roulette, and live dealer options [6][7] - Players can earn FanCash on every game played, which can be converted into casino credits and other rewards [7] Market Availability - The WWE-themed online casino games will be available exclusively on Fanatics Casino, which operates in Michigan, New Jersey, Pennsylvania, and West Virginia [2][10] - Fanatics Casino is accessible on iOS, Android, and web platforms, providing a comprehensive gaming experience [2][6]
Boyd Gaming's FanDuel Equity Sale - Like Cutting The Flowers And Watering The Weeds
Seeking Alpha· 2025-07-14 23:22
Group 1 - Boyd Gaming Corporation has sold a 5% equity stake in FanDuel, generating approximately $1.76 billion in cash to reduce debt [1] - The sale is expected to significantly impact Boyd Gaming's financial position by alleviating debt burdens [1] Group 2 - The article emphasizes the importance of patient investing and the accumulation of high-quality assets for wealth creation [1] - It highlights the balance between steady investment approaches and high-risk, high-reward opportunities [1]