SharpLink Gaming (listed on NASDAQ under the symbol SBET) - the largest public holder of Ethereum - announced an increase in its holdings to 188,478 ETH, having acquired an additional 12,207 ETH worth $30.67 million at an average price of $2,513 per coin between June 16 and June 20, 2025.
Key details:
- The company raised $27.7 million in net revenue from the sale of 2,547,180 shares through the At-The-Market platform, with the majority of the proceeds allocated to enhancing the Ethereum treasury.
- By June 20, 2025, all of SharpLink's Ethereum holdings were allocated to Staking solutions, achieving 120 ETH in rewards since the launch of its new strategy on June 2, 2025.
- Joseph Lubin (Chairman) confirmed the company's focus on enhancing long-term shareholder value through leadership in the evolution of blockchain technology.
- Rob Faithian (CEO) noted the company's commitment to using blockchain technologies to support growth and strengthen the treasury.
Summary:
SharpLink Gaming strengthens its position as a leader in Ethereum investments, focusing on generating sustainable returns through Staking technologies and innovation in the blockchain field.
