Business
SharpLink Announces Total ETH Holdings Rise to 837,230 as of August 31, 2025
Total Staking Rewards Increased to 2,318 ETH as of August 31, 2025 MINNEAPOLIS, MN, Sept. 02, 2025 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (Nasdaq: SBET)
About this update from Sharplink, Inc.
[{"type":"text","content":"Total Staking Rewards Increased to 2,318 ETH as of August 31, 2025 MINNEAPOLIS, MN, Sept. 02, 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 25, 2025 through Sunday, August 31, 2025; and capital raised through its At-the-Market (“ATM”) facility during the week Monday, August 25 through Friday, August 29, 2025. \"SharpLink continues to execute our treasury strategy with precision, successfully growing our ETH holdings to 837,230 and consistently earning staking rewards. We remain opportunistic in our capital raising initiatives and will continue to closely monitor market conditions to maximize shareholder value,” stated Joseph Chalom, Co-Chief Executive Officer of SharpLink. Key Highlights for the Week Ending August 31, 2025: Purchased 39,008 ETH.$46.6 million in net proceeds were raised through the ATM facility this past week.Average ETH purchase price for the week was $4,531.Total ETH holdings increased to 837,230, currently valued at over $3.6 billion.Total staking rewards rose to 2,318 ETH since launch of treasury strategy on June 2, 2025.ETH Concentration rose to 3.94, up over 97% since June 2, 2025.Approximately $71.6 million cash and equivalents on hand. Weekly ETH and Capital Summary Week Ending Units of ETH (K) 8/10/25 8/17/25 8/24/25 8/31/25 Beginning Balance 521.9 596.8 740.8 797.7 ETH Acquired 74.8 143.6 56.5 39.0 ETH Staking Rewards 0.1 0.3 0.4 0.5 Ending Balance 596.8 740.8 797.7 837.2 Avg ETH Purchase Price $4,051 $4,648 $4,462 $4,531 ETH Concentration* 3.59 3.87 3.80 3.94 ATM Shares Issued (m) 13.5 6.6 18.6 2.4 ATM Net Proceeds ($m) $291.8 $146.5 $360.9 $46.6 * 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 1,000 assumed diluted shares issued and outstanding (“Assumed Diluted Shares Outstanding”). Assumed Diluted Shares Outstanding represents the sum of (i) SharpLink’s actual shares of common stock issued and outstanding as of the end of each reporting period, inclusive of disclosed ATM sales, plus (ii) th...