Business
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
Total Staking Rewards Increased to 1,799 ETH as of August 24, 2025; Approximately $200 Million in Cash Available for Additional ETH Acquisitions MINNEAPOLIS,
About this update from Sharplink, Inc.
[{"type":"text","content":"Total Staking Rewards Increased to 1,799 ETH as of August 24, 2025; Approximately $200 Million in Cash Available for Additional ETH Acquisitions MINNEAPOLIS, MN, Aug. 26, 2025 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (Nasdaq: SBET) (“SharpLink” or the “Company”), one of the world’s largest corporate holders of Ether (“ETH”) and prominent industry advocate of Ethereum adoption, today issued its update on the Company’s ETH purchases for the period Monday, August 18, 2025 through Sunday, August 24, 2025; and capital raised through its At-the-Market (“ATM”) facility during the week Monday, August 18 through Friday, August 22, 2025. Joseph Chalom, Co-Chief Executive Officer of SharpLink, stated, “Our regimented execution of SharpLink’s ETH treasury strategy continues to demonstrate the strength of our vision and the commitment of our team. With nearly 800,000 ETH now in reserve and strong liquidity available for further ETH acquisitions, our focus on building long-term value for our stockholders while simultaneously supporting the broader Ethereum ecosystem remains unwavering.” Key Highlights for the Week Ending August 24, 2025: Purchased 56,533 ETH.$360.9 million in net proceeds were raised through the ATM facility this past week.Average ETH purchase price for the week was $4,462.Total ETH holdings increased to 797,704, currently valued at approximately $3.7 billion.Total staking rewards rose to 1,799 ETH since launch of treasury strategy on June 2, 2025.Approximately $200 million cash on hand yet to be deployed into ETH acquisitions. ETH Concentration on a cash-converted basis* exceeds 4.00, up over 100% since June 2, 2025.On August 18, 2025, SharpLink’s Board approved a $1.5 billion stock buyback plan. Weekly ETH and Capital Summary Week Ending Units of ETH (K) 8/3/25 8/10/25 8/17/25 8/24/25 Beginning Balance 438.2 521.9 596.8 740.8 ETH Acquired 83.6 74.8 143.6 56.5 ETH Staking Rewards 0.2 0.1 0.3 0.4 Ending Balance 521.9 596.8 740.8 797.7 Avg ETH Purchase Price $3,634 $4,051 $4,648 $4,462 ETH Concentration* 3.66 3.59 3.87 3.80 ATM Shares Issued (m) 13.6 13.5 6.6 18.6 ATM Net Proceeds ($m) $264.5 $291.8 $146.5 $360.9 * To enhance transparency into the Company’s yield performance, SharpLink introduced a new reporting metric called “ETH Concentration.” This metric is calculated by dividing the number of ETH SharpLink holds by each...