Minneapolis, MN, Oct. 21, 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 as of October 19, 2025, SharpLink’s total ETH holdings increased to 859,853¹, reflecting the Company’s continued commitment to strengthening its balance sheet through the accumulation of ETH. In addition, on October 17, 2025, the Company raised gross proceeds of $76.5 million, before factoring placement agent fees and other related expenses.

“Our top priority remains creating value for shareholders through disciplined execution and a relentless focus on accretive ETH accumulation,” stated Joseph Chalom, SharpLink’s Co-CEO. “The capital raise completed last week was executed at a premium to NAV. Shortly thereafter, we took advantage of attractive market conditions to acquire ETH at prices lower than when we raised the capital. This sequence was immediately accretive to shareholders and showcases the precision of our strategy.”

Key Highlights for the Week Ending October 19, 2025:

• Purchased 19,271 ETH at a cost average of $3,892 per ETH
• Total ETH holdings increased to 859,853¹
• Total staking rewards climbed to 5,671 since launching our treasury strategy on June 2, 2025²
• ETH Concentration⁴ increased to 4.0, up 100% since June 2, 2025
• Approximately $36.4 million in cash and equivalents on hand

Weekly ETH and Capital Summary

¹ Total ETH holdings are comprised of 601,143 native ETH and 258,710 ETH as-if redeemed from LsETH.
² Total staking rewards are comprised of 2,237 native staking rewards and 3,434 as-if redeemed LsETH staking rewards.
³ Staking rewards earned for the week ending October 19, 2025 are comprised of 326.4 native staking rewards and 132.5 as-if redeemed LsETH staking rewards.
⁴ To enhance transparency into the Company’s yield performance, SharpLink tracks a reporting metric called “ETH Concentration.” This metric is calculated by dividing the number of ETH, including the as-if redeemed LsETH, 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. Cash-converted basis assumes full cash deployment into ETH at week-ending closing price.

All references herein to “as-if redeemed LsETH” represents ETH as-if redeemed from LsETH on October 19, 2025 based on the LsETH conversion factor at midnight UTC on that date.

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 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. 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, goals and expectations regarding the Company’s strategy and other statements 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 repurchase shares of SharpLink’s common stock, if any, in the open market through its stock repurchase program, potential use of the Company’s ATM facility, 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 digital intangible 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 other certain types of crypto assets that are considered digital intangible assets, the Company uses the historical costs less impairment model. This model may require the Company to record an associated impairment charge reflected in net income as a result of a decrease in the market price of the digital intangible assets below the cost value at which the Company’s digital intangible assets 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.

CONTACT:

SharpLink’s Investor Relations Contact:
Sean Mansouri, CFA or Aaron D’Souza | Elevate IR
Phone: (720) 330-2829
Email: [email protected]

SharpLink’s Media Contact:
Email: [email protected]

 FalconX and Bridgewater Alum Matthew Sheffield Named Chief Investment Officer

Former Bain Capital Crypto Head of Marketing Mandy Campbell

Named Chief Marketing Officer

Consensys and J.P. Morgan Veteran Michael Camarda Named Chief Development Officer

Minneapolis, MN, Oct. 20, 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 the expansion of its senior leadership team with three key appointments that further strengthen and enhance SharpLink’s executive bench of world class institutional and digital asset experts. Specifically, SharpLink has named industry veterans Matthew Sheffield as Chief Investment Officer, Mandy Campbell as Chief Marketing Officer and Michael Camarda as Chief Development Officer – all of whom will report directly to the Company’s Co-Chief Executive Officer Joseph Chalom, effective immediately.

Commenting on the new appointments, Chalom stated, “The caliber of talent joining SharpLink underscores the strength of our vision and building the most trusted and institutional management team in the digital asset treasury space. Matt, Mandy and Michael each bring world-class expertise and proven track records at the intersection of digital assets and institutional finance.”

Executive Leadership Appointments

Matthew Sheffield, Chief Investment Officer

Sheffield brings extensive institutional trading and digital asset investment experience to SharpLink. Most recently, he served as Head of U.S. Spot Trading at FalconX, a leading institutional digital asset prime brokerage and trading firm. In that capacity, he led a team of traders running one of the largest OTC desks in the industry, played a key role deploying the firm into digital asset treasury investments and started their digital asset treasury strategic advisory initiative.

Earlier in his career, Sheffield worked at Bridgewater Associates, one of the world’s largest and most respected institutional asset managers, where he contributed to the development, improvement and implementation of systematic trading strategies across global rates and credit markets.

At SharpLink, Sheffield will help lead the firm’s capital markets strategy, capital deployment, yield optimization and strategic investment initiative aimed at enhancing ETH Concentration and maximizing ETH’s treasury performance.

Mandy Campbell, Chief Marketing Officer

Campbell joins SharpLink from Bain Capital Crypto, where she led marketing for their dedicated digital asset and early-stage crypto venture funds, and collaborated with portfolio teams. Prior to Bain Capital, Campbell led content and brand operations for OKX, where she drove growth of the global crypto exchange during a period of accelerated expansion. Earlier roles include strategic positions at GitHub, Lyft and Facebook, where she scaled creative and content functions, and helped forge brand identity in competitive markets.

At SharpLink, Campbell will lead the Company’s global brand strategy, marketing and communications efforts across institutional, retail, and crypto-native audiences.

Michael Camarda, Chief Development Officer

Camarda previously joined SharpLink from Consensys, one of the world’s leading Ethereum software companies and SharpLink’s valued strategic partner, where he led corporate development initiatives across capital raising, mergers and acquisitions, and venture capital investments. Earlier in his career, Camarda worked at J.P. Morgan, where he held positions in both the Investment Banking Division and the firm’s principal investments group. There, he advised clients on capital raises and M&A transactions and executed venture capital and growth equity investments on behalf of the bank. This blend of institutional finance and onchain expertise uniquely positions Camarda to help bridge the gap between traditional capital markets and decentralized finance.

At SharpLink, Camarda is responsible for building and scaling SharpLink’s capital markets and corporate development strategy, including the design and execution of innovative financing structures, tokenization initiatives, and institutional partnerships.

Strategic Focus

SharpLink’s strategy centers on accretive ETH acquisition and active treasury management designed to outperform passive ETH exposure vehicles. Through staking, restaking and innovative DeFi engagement – and by leveraging the deep expertise of our strategic partner Consensys – the Company aims to deliver superior ETH-denominated returns, enhanced capital efficiency and robust risk-adjusted performance.

The expanded senior leadership team will help SharpLink execute its long-term plan to scale its treasury platform, strengthen institutional partnerships and earn global distinction as the leading publicly traded DAT company offering investors direct, transparent exposure to the value, yield and innovation of the Ethereum ecosystem.

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 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. 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 Company’s anticipated benefits of new leadership appointments, expectations and responsibilities with respect to Matthew Sheffield’s appointment as new Chief Investment Officer, Mandy Campbell’s appointment as Chief Marketing Officer and Michael Camarda’s appointment as Chief Development Officer, goals and expectations regarding the Company’s strategy and other statements 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 repurchase shares of SharpLink’s common stock, if any, in the open market through its stock repurchase program, potential use of the Company’s ATM facility, 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 digital intangible 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 other certain types of crypto assets that are considered digital intangible assets, the Company uses the historical costs less impairment model. This model may require the Company to record an associated impairment charge 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.

CONTACT:
SharpLink’s Investor Relations Contact:
Sean Mansouri, CFA or Aaron D’Souza | Elevate IR
Phone: (720) 330-2829
Email: [email protected]

SharpLink’s Media Contact:
Email: [email protected]

MINNEAPOLIS, MN, Oct. 16, 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 a securities purchase agreement with an institutional investor (the “Investor”) for the purchase and sale of 4.5 million shares of its common stock, par value $0.0001 per share, at a purchase price of $17.00 per share (the “Shares”), representing a 12% premium to the Company’s closing share price of $15.15 on October 15, 2025 (“Closing Share Price”) as reported on the Nasdaq Capital Market, and at a premium to the net asset value (“NAV”) of SharpLink’s current ETH holdings of 840,124 ETH. The aggregate gross proceeds from the registered direct offering (“Offering”) are expected to be $76.5 million. The closing of the Offering is expected to occur on or about Friday, October 17, 2025, subject to satisfaction of customary closing conditions.

In addition, accompanying its purchase of Shares, the Investor has been granted a 90-day premium purchase contract, expiring on January 15, 2026, to purchase up to an additional 4.5 million shares of common stock at an exercise price of $17.50 per share (the “PPC”), representing a 19% premium to the Closing Share Price. If the PPC is fully exercised, the Company will receive an additional $78.8 million in gross proceeds.

“This is a novel equity sale transaction that is both accretive to stockholders and strategically structured, reflecting strong institutional confidence in SharpLink and our long-term vision,” said Joseph Chalom, Co-CEO of SharpLink. “By raising equity at a meaningful premium to both market price and NAV, we’re able to continue accumulating ETH and increasing ETH-per-share for our investors.”

“Each day brings new evidence of accelerating retail and institutional adoption of Ethereum across stablecoins, tokenized assets and DeFi. We remain bullish on the long term Ethereum opportunity,” added Chalom.

The Offering of the Shares, the PPC and the shares of common stock underlying the PPC is being made pursuant to an effective shelf registration statement on Form S-3ASR (File No. 333-287708), which was declared effective by the U.S. Securities and Exchange Commission (“SEC”) on May 30, 2025. The Offering is being made only by means of a prospectus supplement and accompanying prospectus that form a part of the effective shelf registration statement. A prospectus supplement and the accompanying prospectus relating to the Offering will be filed by the Company with the SEC. When available, copies of the prospectus supplement relating to the Offering, together with the accompanying prospectus, can be obtained at the SEC’s website at www.sec.gov or by contacting A.G.P./Alliance Capital Partners, 590 Madison Avenue, New York, New York 10022.

A.G.P./Alliance Global Partners is acting as the sole placement agent for the Offering.

Thompson Hine LLP is acting as legal advisor to SharpLink. Sullivan & Worcester LLP is acting as legal advisor to A.G.P./Alliance Global Partners.

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 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. 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 use of proceeds from the Offering, the closing of the Offering, the full exercise of the PPC by the Investor in connection with the Offering, the Company’s intention to tokenize its common stock directly on the Ethereum blockchain, 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 repurchase shares of SharpLink’s Common Stock, if any, in the open market through its stock repurchase program, potential use of the Company’s ATM facility, 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 digital intangible 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 other certain types of crypto assets that are considered digital intangible assets, the Company uses the historical costs less impairment model. This model may require the Company to record an associated impairment charge 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.

CONTACT:

SharpLink’s Investor Relations Contact:
Sean Mansouri, CFA or Aaron D’Souza | Elevate IR
Phone: (720) 330-2829
Email: [email protected]

SharpLink’s Media Contact:
Email: [email protected]