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SharpLink Reports Total ETH Holdings Climb to 740,760 as of August 17, 2025; Raised $537 Million in Net Proceeds for Week of August 10 - August 15, 2025
Total Staking Rewards Increased to 1,388 ETH as of August 17, 2025 MINNEAPOLIS, MN, Aug. 19, 2025 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (Nasdaq: SBET)
About this update from Sharplink, Inc.
[{"type":"text","content":"Total Staking Rewards Increased to 1,388 ETH as of August 17, 2025 MINNEAPOLIS, MN, Aug. 19, 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 10, 2025 through Sunday, August 17, 2025; and capital raised through its At-the-Market (“ATM”) facility and a registered direct offering during the week Monday, August 10 through Friday, August 15, 2025. Key Highlights for the Week Ending August 17, 2025: Purchased 143,593 ETH.$146.5 million in net proceeds were raised through the ATM facility this past week.$390.0 million in net proceeds were raised through a registered direct offering, which closed on August 11, 2025.Average ETH purchase price for the week was $4,648.Total ETH holdings increased to 740,760.Total staking rewards rose to 1,388 ETH since launch of treasury strategy on June 2, 2025.ETH Concentration* rose to 3.87, up 94% since June 2, 2025.Over $84 million of cash on hand yet to be deployed into ETH acquisitions. Weekly ETH and Capital Summary Week Ending Units of ETH (K) 7/27/25 8/3/25 8/10/25 8/17/25 Beginning Balance 360.8 438.2 521.9 596.8 ETH Acquired 77.2 83.6 74.8 143.6 ETH Staking Rewards 0.2 0.2 0.1 0.3 Ending Balance 438.2 521.9 596.8 740.8 Avg ETH Purchase Price $3,756 $3,634 $4,051 $4,648 ETH Concentration* 3.40 3.66 3.59 3.87 ATM Shares Issued (m) 10.8 13.6 13.5 6.6 ATM Net Proceeds ($m) $279.2 $264.5 $291.8 $146.5 * 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) the additional shares that would be issued upon the assumed exercise or settlement of all outstanding warrants, pre-funded warrants, stock option awards, and restricted stock units. Notably, Assumed Diluted Shares Outstanding is not calculated using t...