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SharpLink Grows ETH Holdings to 205,634; Earns 322 ETH in Staking Rewards Since Launch of Treasury Strategy on June 2, 2025
Globenewswire· 2025-07-08 12:00
Core Insights - SharpLink Gaming, Inc. has acquired an additional 7,689 ETH, bringing total holdings to 205,634 ETH, purchased at a weighted average price of $2,501 per ETH [1][10] - The company raised approximately $64.0 million in net proceeds through its At-The-Market facility, with $37.2 million expected to be allocated for ETH purchases [2][10] - SharpLink has committed 100% of its ETH holdings to staking protocols, earning approximately 100 ETH in rewards during the last week, totaling 322 ETH since the program's initiation [3][10] - The introduction of "ETH Concentration" as a transparency metric allows investors to assess the company's ETH exposure relative to its equity structure [4][10] - Since the announcement of ETH purchases on June 13, 2025, the company's ETH Concentration has increased by 19%, from 2.00 ETH to 2.37 ETH [6][10] - Joseph Lubin, Chairman of SharpLink, emphasized the importance of disciplined execution of the ETH-centric treasury management strategy and operational transparency [7] Financial Performance - The total ETH holdings of SharpLink now stand at 205,634 ETH following the recent acquisition [1][10] - The company raised $64.0 million in net proceeds, with a significant portion expected to be deployed in ETH purchases [2][10] - The staking rewards have contributed to a total estimated yield of 322 ETH since the staking program began [3][10] Strategic Initiatives - SharpLink is focused on enhancing visibility into its treasury performance through the new "ETH Concentration" metric [4][10] - The company aims to transform the iGaming industry by leveraging smart contracts, DeFi protocols, and Web3 infrastructure [9]
SharpLink Gaming Increases ETH Treasury Holdings to 198,478; Staking Rewards Yield 222 ETH Since June 2, 2025
Globenewswire· 2025-07-01 12:00
Core Insights - SharpLink Gaming, Inc. has strategically increased its Ethereum (ETH) holdings to 198,167, acquiring an additional 9,468 ETH for $22,825,734 at an 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 increasing ETH treasury holdings [2] - SharpLink's ETH reserves are fully deployed in staking protocols, earning 102 ETH in rewards during June 21-27, 2025 [3] - The company introduced a new reporting metric called "ETH Concentration," which measures the number of ETH held relative to assumed diluted shares outstanding [4] - SharpLink's ETH Concentration has increased from 2.00 ETH to 2.35 ETH, reflecting a 17.7% rise as of June 27, 2025 [5] - The company has engaged Elevate IR as its investor relations agency to enhance communication and strategy [6] - SharpLink views Ethereum as a foundational asset for future capital management and online gaming infrastructure [7] - The company aims to transform the iGaming industry by leveraging smart contracts, DeFi protocols, and Web3 infrastructure [8]