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 ...

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]

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]

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]

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]

Core Insights - Codere Online strengthens its partnership with Club de Futbol Monterrey by becoming the main sponsor of Rayadas, a prominent women's team in Liga MX Femenil [1][5] - The Codere Online logo debuted on the Rayadas match-day jersey on July 13, 2025, during the Apertura 25 tournament [2] - The partnership aims to enhance the visibility of women's football in Mexico through various campaigns and fan experiences [4] Company Overview - Codere Online operates as a leading online gaming operator in Spain and Latin America, offering online sports betting and casino services [8] - The company has a strong presence in core markets including Spain, Mexico, Colombia, Panama, and Buenos Aires, Argentina [8] - Codere Group, the parent company, has over four decades of experience in the entertainment and leisure industry, operating in seven countries across Europe and Latin America [9] Sponsorship Details - The sponsorship includes branding on the Rayadas jersey and participation in key matches, such as the "Campeón de Campeonas" trophy [2][5] - Codere Online's commitment to women's sports is highlighted by its previous partnership with the men's team, Rayados, and its ongoing support for Rayadas [5][6] - The collaboration reflects shared values of equity and excellence, aiming to promote the growth of women's football [4][6]

Core Points - BetMGM has announced a multiyear partnership with baseball legend Derek Jeter, who will serve as the brand ambassador and feature in national marketing campaigns [1][2] - Jeter will be involved in promoting responsible gambling initiatives and will appear in an exclusive Jeter-themed slot game, marking a unique offering in the online casino space [1][2] - The partnership aims to enhance BetMGM's brand presence and community engagement, leveraging Jeter's universal appeal and reputation for excellence [2][3] Company Overview - BetMGM is a leading sports betting and iGaming operator, formed through a partnership between MGM Resorts International and Entain Plc, and is headquartered in New Jersey [6] - The company offers a range of online gaming services, including sports betting and major tournament poker, utilizing state-of-the-art technology [6] - BetMGM is committed to responsible gaming, providing resources like the GameSense program to ensure a safe and entertaining experience for customers [4][6]

Core Viewpoint - NorthStar Gaming Holdings Inc. has approved the grant of equity incentive awards to non-executive directors as a substitute for cash compensation, reflecting the company's strategy to reduce costs [1][2]. Group 1: Equity Incentive Awards - The company granted a total of 5,078,913 deferred share units (DSUs) to non-executive directors for their services in 2024 [2]. - The DSUs will vest immediately and can only be redeemed when a director ceases to hold their position [2]. - This move is part of the company's ongoing efforts to manage expenses effectively [2]. Group 2: Company Overview - NorthStar operates NorthStar Bets, a Canadian casino and sportsbook platform designed for high-stakes players, offering a premium gaming experience [3]. - The platform features a curated selection of popular games and an exclusive Sports Insights feature that integrates betting guidance, statistics, and scores [3]. - NorthStar aims to set a new standard in the industry by providing high-quality products and exceptional personalized service [4].

Core Insights - SharpLink Gaming, Inc. has entered into a definitive agreement with the Ethereum Foundation to purchase 10,000 ETH for $25,723,680, marking a significant commitment to Ethereum as its primary treasury reserve asset [1][4] - The purchase price per ETH was $2,572.37, and the transaction was completed on July 10, 2025 [1] Company Overview - SharpLink Gaming, Inc. is headquartered in Minneapolis, Minnesota, and is recognized as the largest publicly traded company adopting Ethereum as its primary treasury reserve asset, aligning with the future of digital capital [4] - The company aims to transform the multi-billion-dollar iGaming industry by leveraging smart contracts, DeFi protocols, and Web3 infrastructure to create scalable, secure, and transparent solutions [5] Industry Context - The Ethereum Foundation, based in Zug, Switzerland, plays a crucial role in supporting the development and growth of the Ethereum protocol, which is essential for smart contracts and decentralized applications [2] - Ethereum is considered the leading blockchain platform for the evolving Web3 economy, highlighting its significance in the digital asset landscape [2]

Core Insights - BetMGM and Marriott Bonvoy have launched a unique rewards collaboration that allows players to link their accounts and earn rewards points for sports betting and iGaming activities [6] - A special fantasy football draft weekend event will be hosted in Las Vegas, featuring former All-Pro quarterback Matt Ryan, providing participants with insider insights and real-time reactions [2][3] Company Overview - BetMGM is a leading sports betting and gaming entertainment company, formed through a partnership between MGM Resorts International and Entain Plc, and has exclusive access to MGM's U.S. sports betting and online gaming operations [9][10] - Marriott Bonvoy is Marriott International's travel program, offering members access to a wide range of hotel brands and experiences globally [11] Event Details - The fantasy football draft event will take place at the BetMGM Sportsbook at ARIA Resort & Casino, including a three-night stay at The Cosmopolitan of Las Vegas, round-trip flights, and a $6,000 MGM Resorts credit for dining and spa experiences [3] - Participants can enter the sweepstakes by linking their BetMGM and Marriott Bonvoy accounts through the BetMGM app from July 9 to July 30, with the opportunity to enter up to three times [4] Marketing Strategy - The collaboration aims to create exceptional experiences for sports fans, enhancing customer engagement and loyalty through unique events and rewards [3][6] - BetMGM continues to focus on responsible gaming, providing resources and tools to ensure a safe gaming environment for its customers [7]