IL0010826191
SharpLink Enters into Purchase Agreements with Select Institutional Investors for $200 Million Registered Direct Offering of Common Stock
MINNEAPOLIS, MN, Aug. 07, 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 announced that it has entered into securities purchase agreements with four global institutional investors pursuant to a registered direct offering priced at $19.50 per share (at-the-market under Nasdaq rules), for gross proceeds of approximately $200 million before deducting placement agent commissions and other offering expenses. The closing of the offering is expected to occur on or about August 8, 2025, subject to the satisfaction of customary closing conditions.
The net proceeds of the offering will be directed toward expanding SharpLink’s ETH treasury, which upon deployment is expected to exceed $2.0 billion in value.
“SharpLink is proud to be joined by globally-recognized institutional investors, augmenting our strong existing investor base and further validating our mission to be the world’s leading ETH treasury,” stated Joseph Chalom, SharpLink’s Co-Chief Executive Officer.
A.G.P./Alliance Global Partners is acting as the lead placement agent for the offering and Societe Generale is acting as the co-placement agent for the offering. Cantor is acting as financial advisor to the Company.
This offering is being made pursuant to an effective shelf registration statement on Form S-3ASR (File No. 333-287708), which was declared effective by the Securities and Exchange Commission (the “SEC”) on May 30, 2025. The offering is made only by means of a prospectus which is part of the effective registration statement. A prospectus supplement and the accompanying prospectus relating to the registered direct offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Additionally, when available, electronic copies of the prospectus supplement and the accompanying prospectus may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at [email protected].
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About SharpLink Gaming, Inc.
Headquartered in Minneapolis, Minnesota, SharpLink Gaming, Inc. (Nasdaq: SBET) is one of the world’s largest publicly traded companies to adopt Ether (“ETH”) as its primary treasury reserve asset – a move that aligns the Company with the future of digital capital and gives investors direct exposure to Ethereum, the world’s 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 – building scalable, secure and transparent solutions that challenge outdated models and bring real innovation to the user experience. Learn more at www.sharplink.com.
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 “forward-looking statements” 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 intended use of proceeds from the registered direct offering, the execution of the Company’s treasury strategy and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” 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’s expectation of exceeding $2 billion in ETH treasury value, the Company’s ability to successfully purchase ETH with the proceeds from the offering, the Company’s ability to achieve profitable operations, fluctuations in the market price of ETH that will impact the Company’s 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’ 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’s 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’s 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’Souza
Elevate IR
(720) 330-2829
[email protected]
Media Contact:
[email protected]
IL0010826191
SharpLink to Host Second Quarter 2025 Conference Call and Webcast on August 15, 2025 at 8:30 AM ET
MINNEAPOLIS, MN, Aug. 07, 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 announced that the Company will host a conference call and webcast on Friday, August 15, 2025 beginning at 8:30 a.m. Eastern Time to discuss SharpLink’s financial and operating results for the three- and six-month reporting periods ended June 30, 2025. The Company will announce its financial results in a press release prior to the call.
SharpLink’s executive team will host the conference call, followed by a question-and-answer period. The conference call details are as follows:
- Date: Friday, August 15, 2025
- Time: 8:30 a.m. Eastern Time
- Toll-free dial-in number: (877) 407-2988
- International dial-in number: (201) 389-0923
- Webcast: SharpLink’s Q2 2025 Earnings Call
Participants can also access the Company’s earnings call using the call me option here for instant telephone access to the event, which will be active 15 minutes before the scheduled start time.
A telephonic replay will be available approximately three hours after the conference call concludes through Friday, August 29, 2025.
- Toll-free replay number: (877) 660-6853
- International replay number: (201) 612-7415
- Replay ID: 13754968
A link to the live webcast and replay will also be available at https://investors.sharplink.com. The Company encourages all participants to register at least 15 minutes prior to the 8:30 a.m. ET start time. If you have any difficulty registering or connecting with the conference call, please contact Elevate IR at (720) 330-2829.
About SharpLink Gaming, Inc.
Headquartered in Minneapolis, Minnesota, SharpLink Gaming, Inc. (Nasdaq: SBET) is one of the world’s largest publicly traded companies to adopt Ether (“ETH”) as its primary treasury reserve asset – a move that aligns the Company with the future of digital capital and gives investors direct exposure to Ethereum, the world’s 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 – building scalable, secure and transparent solutions that challenge outdated models and bring real innovation to the user experience. Learn more at www.sharplink.com.
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 “forward-looking statements” 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’s treasury strategy and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” 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’s ability to achieve profitable operations, fluctuations in the market price of ETH that will impact the Company’s 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’ 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’s 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’s 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’Souza
Elevate IR
(720) 330-2829
[email protected]
Media Contact:
[email protected]
IL0010826191
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 – August 1, 2025
Total Staking Rewards Increase to 929 ETH as of August 3, 2025
MINNEAPOLIS, MN, Aug. 05, 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 weekly update on the Company’s ETH purchases for the period Monday, July 28, 2025 through Sunday, August 3, 2025; and capital raised through its At-the-Market (“ATM”) facility during the week Monday, July 28 through Friday, August 1, 2025.
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’s 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.
“SharpLink 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’s role as the foundational infrastructure of decentralized finance,” stated Joseph Chalom, Co-CEO of SharpLink.
Weekly ETH and Capital Summary
| 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 |
| Avg ETH Purchase Price | $2,852 | $3,238 | $3,756 | $3,634 |
| ETH Concentration* | 2.46 | 3.06 | 3.40 | 3.66 |
| ATM Shares Issued (m) | 24.6 | 3.8 | 10.8 | 13.6 |
| ATM Net Proceeds ($m) | $413.0 | $96.6 | $279.2 | $264.5 |
* 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 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’s largest publicly traded companies to adopt Ether (“ETH”) as its primary treasury reserve asset – a move that aligns the Company with the future of digital capital and gives investors direct exposure to Ethereum, the world’s 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 – building scalable, secure and transparent solutions that challenge outdated models and bring real innovation to the user experience. Learn more at www.sharplink.com.
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 “forward-looking statements” 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’s treasury strategy and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” 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’s ability to achieve profitable operations, fluctuations in the market price of ETH that will impact the Company’s 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’ 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’s 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’s 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’Souza
Elevate IR
(720) 330-2829
[email protected]
Media Contact:
[email protected]
IL0010826191
SharpLink’s ETH Holdings Climb to 438,190 as of July 27, 2025; Raised $279.2 Million in ATM Net Proceeds For Week of July 21-25, 2025
Total Staking Rewards Increase to 722 ETH As of July 27, 2025
MINNEAPOLIS, MN, July 29, 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 weekly update on the Company’s ETH purchases for the period Monday, July 21, 2025 through Sunday, July 27, 2025; and capital raised through its At-the-Market (“ATM”) facility during the week Monday, July 21, 2025 through Friday, July 25, 2025.
Key Highlights for the Week Ending July 27, 2025
- $279.2 million in net proceeds were raised through the ATM facility this week.
- Purchased 77,209.58 ETH, maintaining its aggressive acquisition pace.
- Average ETH purchase price for the week was $3,756.
- ETH holdings increased to 438,190, up 21% from the prior week’s total of 360,807 ETH.
- Cumulative staking rewards rose to 722 ETH since launch of treasury strategy on June 2, 2025.
- ETH Concentration* rose to 3.40 from 3.06 week over week, up 70% since launch of treasury strategy.
As recently announced, former BlackRock digital asset pioneer Joseph Chalom has officially joined SharpLink as Co-Chief Executive Officer, effective July 24, 2025.
Chalom stated, “I joined SharpLink because I see a powerful opportunity to help shape the future of financial infrastructure and decentralized finance. SharpLink’s commitment to aligning its strategic direction with the Ethereum ecosystem resonates with my passion for digital assets and scaling innovation in global finance. I’m thrilled to be leading SharpLink into its next phase and harnessing Ethereum’s unique value proposition for our stockholders.”
Weekly ETH and Capital Summary
| Week Ending | ||||
| Units of ETH (K) | 7/6/25 | 7/13/25 | 7/20/25 | 7/27/25 |
| Beginning Balance | 198.2 | 206.0 | 280.7 | 360.8 |
| ETH Acquired | 7.7 | 74.7 | 79.9 | 77.2 |
| ETH Staking Rewards | 0.1 | 0.1 | 0.2 | 0.2 |
| Ending Balance | 206.0 | 280.7 | 360.8 | 438.2 |
| Avg ETH Purchase Price | $2,501 | $2,852 | $3,238 | $3,756 |
| ETH Concentration* | 2.29 | 2.46 | 3.06 | 3.40 |
| ATM Shares Issued (m) | 5.5 | 24.6 | 3.8 | 10.8 |
| ATM Net Proceeds ($m) | $64.0 | $413.0 | $96.6 | $279.2 |
* 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 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’s largest publicly traded companies to adopt Ether (“ETH”) as its primary treasury reserve asset – a move that aligns the Company with the future of digital capital and gives investors direct exposure to Ethereum, the world’s 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 – building scalable, secure and transparent solutions that challenge outdated models and bring real innovation to the user experience. Learn more at www.sharplink.com.
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 “forward-looking statements” 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’s treasury strategy and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” 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’s ability to achieve profitable operations, fluctuations in the market price of ETH that will impact the Company’s 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’ 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’s 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’s 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’Souza
Elevate IR
(720) 330-2829
[email protected]
Media Contact:
[email protected]
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