SharpLink Gaming Raises $537M, Boosts ETH Holdings to 740,760

SharpLink Gaming, Inc. has significantly increased its Ether (ETH) holdings, acquiring 143,593 ETH to reach a total of 740,760 ETH as of August 17, 2025. The company raised $537 million in net proceeds through an At-the-Market (ATM) facility and a registered direct offering, strengthening its financial position to support further Ethereum acquisitions. Since launching its treasury strategy on June 2, 2025, SharpLink has earned 1,388 ETH in staking rewards, reflecting its active engagement in Ethereum yield generation. SharpLink introduced a new transparency metric called "ETH Concentration," which measures ETH holdings relative to diluted shares outstanding, showing a significant increase. Despite weak financial performance and bearish technical indicators, the company’s focus on Ethereum and digital asset acquisition positions it for potential growth in the crypto gaming and blockchain sectors. Headquartered in Minneapolis, SharpLink is a prominent advocate of Ethereum adoption and aims to deliver scalable, secure solutions in the online gaming industry.