SharpLink Increases Total ETH Holdings to 521,939 as of August 3, 2025; Raised $264.5 Million in ATM Net Proceeds for Week of July 28 鈥� August 1, 2025
SharpLink Gaming (Nasdaq: SBET), a major corporate Ethereum holder, reported significant growth in its ETH holdings for the week ending August 3, 2025. The company increased its total ETH holdings by 19% to 521,939 ETH, acquiring 83,561 ETH at an average price of $3,634.
The company raised $264.5 million in net proceeds through its At-the-Market (ATM) facility during the week of July 28 - August 1, 2025. SharpLink's ETH Concentration metric, which measures ETH holdings per 1,000 diluted shares, increased to 3.66 from 3.40 week-over-week. Total staking rewards reached 929 ETH since the treasury strategy's launch on June 2, 2025.
SharpLink Gaming (Nasdaq: SBET), uno dei principali detentori aziendali di Ethereum, ha registrato una crescita significativa delle sue partecipazioni in ETH nella settimana terminata il 3 agosto 2025. La societ脿 ha aumentato il totale delle sue partecipazioni in ETH del 19%, raggiungendo 521.939 ETH, acquisendo 83.561 ETH a un prezzo medio di 3.634 dollari.
Durante la settimana dal 28 luglio al 1 agosto 2025, la societ脿 ha raccolto 264,5 milioni di dollari di proventi netti attraverso la sua struttura At-the-Market (ATM). Il parametro di concentrazione ETH di SharpLink, che misura le partecipazioni in ETH per 1.000 azioni diluite, 猫 salito da 3,40 a 3,66 su base settimanale. I premi totali di staking hanno raggiunto 929 ETH dall'avvio della strategia del tesoro il 2 giugno 2025.
SharpLink Gaming (Nasdaq: SBET), uno de los principales poseedores corporativos de Ethereum, report贸 un crecimiento significativo en sus tenencias de ETH durante la semana que finaliz贸 el 3 de agosto de 2025. La compa帽铆a increment贸 sus tenencias totales de ETH en un 19% hasta 521,939 ETH, adquiriendo 83,561 ETH a un precio promedio de $3,634.
Durante la semana del 28 de julio al 1 de agosto de 2025, la empresa recaud贸 $264.5 millones en ingresos netos a trav茅s de su mecanismo At-the-Market (ATM). La m茅trica de concentraci贸n de ETH de SharpLink, que mide las tenencias de ETH por cada 1,000 acciones diluidas, aument贸 de 3.40 a 3.66 semana tras semana. Las recompensas totales por staking alcanzaron 929 ETH desde el lanzamiento de la estrategia del tesoro el 2 de junio de 2025.
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SharpLink Gaming (Nasdaq : SBET), un important d茅tenteur institutionnel d'Ethereum, a annonc茅 une croissance significative de ses avoirs en ETH pour la semaine se terminant le 3 ao没t 2025. La soci茅t茅 a augment茅 son total d'avoirs en ETH de 19 % pour atteindre 521 939 ETH, acqu茅rant 83 561 ETH 脿 un prix moyen de 3 634 $.
Au cours de la semaine du 28 juillet au 1er ao没t 2025, la soci茅t茅 a lev茅 264,5 millions de dollars de produits nets via son dispositif At-the-Market (ATM). L'indicateur de concentration ETH de SharpLink, qui mesure les avoirs en ETH par tranche de 1 000 actions dilu茅es, est pass茅 de 3,40 脿 3,66 d'une semaine 脿 l'autre. Les r茅compenses totales de staking ont atteint 929 ETH depuis le lancement de la strat茅gie de tr茅sorerie le 2 juin 2025.
SharpLink Gaming (Nasdaq: SBET), ein bedeutender Unternehmensinhaber von Ethereum, meldete ein erhebliches Wachstum seiner ETH-Best盲nde in der Woche bis zum 3. August 2025. Das Unternehmen erh枚hte seine gesamten ETH-Best盲nde um 19 % auf 521.939 ETH und erwarb 83.561 ETH zu einem Durchschnittspreis von 3.634 US-Dollar.
In der Woche vom 28. Juli bis 1. August 2025 erzielte das Unternehmen Nettoerl枚se von 264,5 Millionen US-Dollar 眉ber seine At-the-Market (ATM) Einrichtung. Der ETH-Konzentrationswert von SharpLink, der die ETH-Best盲nde pro 1.000 verw盲sserte Aktien misst, stieg w枚chentlich von 3,40 auf 3,66. Die gesamten Staking-Belohnungen erreichten seit dem Start der Treasury-Strategie am 2. Juni 2025 929 ETH.
- Significant ETH holdings growth of 19% week-over-week to 521,939 ETH
- Successfully raised $264.5 million through ATM facility
- ETH Concentration increased to 3.66, up 83% since strategy launch
- Accumulated 929 ETH in staking rewards since June 2, 2025
- Substantial shareholder dilution through continued ATM share issuance of 13.6 million shares
- Higher average ETH purchase price of $3,634 compared to previous weeks
- Heavy concentration in single crypto asset (ETH) presents significant market risk
Insights
SharpLink substantially grew ETH holdings by 19% in one week, continuing its aggressive treasury strategy of becoming a dominant institutional ETH holder.
SharpLink's latest treasury update reveals a significant acceleration in its Ethereum accumulation strategy. The company purchased 83,561 ETH at an average price of
The company efficiently raised
The staking component of their strategy is beginning to generate meaningful rewards, with cumulative staking returns now at 929 ETH. This provides the company with a yield-generating mechanism on what would otherwise be static treasury assets.
Management's statement about evaluating "debt, equity and equity-linked offerings" indicates SharpLink is exploring multiple financing avenues beyond just ATM issuance to accelerate ETH accumulation. This suggests the company may be considering bonds, convertible notes, or structured offerings to optimize its capital structure while minimizing shareholder dilution.
SharpLink's strategy represents a corporate treasury approach similar to MicroStrategy's Bitcoin accumulation but focused on Ethereum's ecosystem. By positioning itself as an institutional vehicle for Ethereum exposure, the company is essentially functioning as a leveraged ETH holding company whose value proposition depends on Ethereum's long-term adoption and price appreciation.
Total Staking Rewards Increase to 929 ETH as of August 3, 2025
MINNEAPOLIS, MN, Aug. 05, 2025 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (Nasdaq: SBET) (鈥淪harpLink鈥� or the 鈥淐ompany鈥�), one of the world鈥檚 largest corporate holders of Ether (鈥淓TH鈥�) and prominent industry advocate of Ethereum adoption, today issued its weekly update on the Company鈥檚 ETH purchases for the period Monday, July 28, 2025 through Sunday, August 3, 2025; and capital raised through its At-the-Market (鈥淎TM鈥�) facility during the week Monday, July 28 through Friday, August 1, 2025.听
Key Highlights for the Week Ending August 3, 2025
- Purchased 83,561 ETH.
$264.5 million in net proceeds were raised through the ATM facility this week.- Average ETH purchase price for the week was
$3,634. - Total ETH holdings increased to 521,939, up
19% from the prior week鈥檚 total of 438,190 ETH. - Total staking rewards rose to 929 ETH since launch of treasury strategy on June 2, 2025.
- ETH Concentration* rose to 3.66 from 3.40 week over week, up
83% since launch of treasury strategy on June 2, 2025.
鈥淪harpLink remains deeply committed to its mission of creating enduring shareholder value by building the largest and most trusted ETH treasury company. To accelerate our strategy, we are diligently evaluating a range of capital formation opportunities, including debt, equity and equity-linked offerings designed to increase our ETH holdings and grow ETH Concentration. Our efforts are designed to optimize capital efficiency and reinforce our long-term alignment with Ethereum鈥檚 role as the foundational infrastructure of decentralized finance,鈥� stated Joseph Chalom, Co-CEO of SharpLink.
Weekly ETH and Capital Summary
| 听 | Week Ending | |||
| Units of ETH (K) | 7/13/25 | 7/20/25 | 7/27/25 | 8/3/25 |
| Beginning Balance | 206.0 | 280.7 | 360.8 | 438.2 |
| ETH Acquired | 74.7 | 79.9 | 77.2 | 83.6 |
| ETH Staking Rewards | 0.1 | 0.2 | 0.2 | 0.2 |
| Ending Balance | 280.7 | 360.8 | 438.2 | 521.9 |
| 听 | 听 | 听 | 听 | 听 |
| Avg ETH Purchase Price | ||||
| ETH Concentration* | 2.46 | 3.06 | 3.40 | 3.66 |
| ATM Shares Issued (m) | 24.6 | 3.8 | 10.8 | 13.6 |
| ATM Net Proceeds ($m) | ||||
| 听 | 听 | 听 | 听 | 听 |
* To enhance transparency into the Company鈥檚 yield performance, SharpLink introduced a new reporting metric called 鈥淓TH Concentration.鈥� This metric is calculated by dividing the number of ETH SharpLink holds by each 1,000 assumed diluted shares issued and outstanding (鈥淎ssumed Diluted Shares Outstanding鈥�). Assumed Diluted Shares Outstanding represents the sum of (i) SharpLink鈥檚 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 the treasury stock method. It does not account for equity award vesting conditions, stock option exercise prices, or contractual restrictions limiting the convertibility of debt instruments. Additionally, it excludes any assumed share repurchases that would ordinarily be considered under the treasury stock method.
About SharpLink Gaming, Inc.
Headquartered in Minneapolis, Minnesota, SharpLink Gaming, Inc. (Nasdaq: SBET) is one of the world鈥檚 largest publicly traded companies to adopt Ether (鈥淓TH鈥�) as its primary treasury reserve asset 鈥� a move that aligns the Company with the future of digital capital and gives investors direct exposure to Ethereum, the world鈥檚 leading smart-contract platform and second largest digital asset.
SharpLink is also reimagining the future of online gaming. Backed by a veteran team with deep roots in sports media, gaming and technology, SharpLink is charting a new course 鈥� building scalable, secure and transparent solutions that challenge outdated models and bring real innovation to the user experience. Learn more at .
Forward-Looking Statement
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute 鈥渇orward-looking statements鈥� within the meaning of the Private Securities Litigation Reform Act of 1995, and these forward-looking statements are subject to various risks and uncertainties. Such statements include, but are not limited to, the execution of the Company鈥檚 treasury strategy and other statements that are not historical facts, including statements which may be accompanied by the words 鈥渋ntends,鈥� 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥減lans,鈥� 鈥渆xpects,鈥� 鈥渁nticipates,鈥� 鈥減rojects,鈥� 鈥減redicts,鈥� 鈥渆stimates,鈥� 鈥渁ims,鈥� 鈥渂elieves,鈥� 鈥渉opes,鈥� 鈥減otential鈥� or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company鈥檚 ability to achieve profitable operations, fluctuations in the market price of ETH that will impact the Company鈥檚 accounting and financial reporting (see accounting rules discussed below), government regulation of cryptocurrencies and online betting, changes in securities laws or regulations, customer acceptance of new products and services, the demand for its products and its customers鈥� economic condition, the impact of competitive products and pricing, the lengthy sales cycle, proprietary rights of the Company, changes in applicable laws or regulations, and its competitors, general economic conditions and other risk factors detailed in the Company鈥檚 annual report and other filings with the SEC. Under U.S. generally accepted accounting principles, entities are generally required to measure certain crypto assets at fair value, with changes reflected in net income each reporting period. Changes in the fair value of crypto assets could result in significant fluctuations to the balance sheet and income statement results. Additionally, for certain types of crypto assets, the Company may be required to record associated impairment charges reflected in net income as a result of a decrease in the market price of ETH below the cost value at which the Company鈥檚 ETH are carried on its balance sheet. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company does not undertake any responsibility to update the forward-looking statements in this press release.
Investor Relations Contact
Sean Mansouri, CFA or Aaron D鈥橲ouza
Elevate IR
(720) 330-2829
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