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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) (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 update on the Company鈥檚 ETH purchases for the period Monday, August 10, 2025 through Sunday, August 17, 2025; and capital raised through its At-the-Market (鈥淎TM鈥�) 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

* 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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