SharpLink Gaming, Inc. (Nasdaq: SBET) disclosed its significant increase in ETH holdings and fund-raising activities.
The company purchased 143,593 ETH and raised $146.5 million through an ATM facility during the week of August 10 - August 17, 2025.
Additionally, $390.0 million in net proceeds were generated through a registered direct offering that closed on August 11, 2025.
Total ETH Holdings
Total ETH holdings reached 740,760, showcasing a substantial increase.
Net Proceeds
Funds raised totaled $537 million from various financial activities.
ETH Concentration Growth
ETH Concentration rose to 3.87, marking a 94% increase since June 2, 2025.
- SharpLink's strategic move to hold ETH as its primary treasury reserve asset pays off with a significant increase in total ETH holdings.
- The successful fund-raising activities strengthen SharpLink's financial position, providing resources for future growth and investment opportunities.
SharpLink's focus on Ethereum adoption and its innovative approach to online gaming positions the company for continued success and growth in the digital asset space.