S&P 500 rises as health care, tech gain to overshadow Fed independence concerns
MINNEAPOLIS - SharpLink Gaming, Inc. (NASDAQ:SBET), a $2.8 billion market cap company whose stock has surged over 220% in the past six months, purchased 143,593 Ether (ETH) during the week ending August 17, 2025, increasing its total ETH holdings to 740,760, according to a company press release.
The company paid an average purchase price of $4,648 per ETH during the week. SharpLink raised $146.5 million through its At-the-Market facility and secured an additional $390 million from a registered direct offering that closed on August 11. According to InvestingPro data, the company maintains a healthy current ratio of 6.83, with liquid assets well exceeding short-term obligations.
The company reported that its total staking rewards have reached 1,388 ETH since launching its treasury strategy on June 2, 2025. SharpLink’s ETH Concentration metric, which measures ETH holdings per 1,000 assumed diluted shares outstanding, rose to 3.87, representing a 94% increase since early June.
SharpLink, which describes itself as one of the world’s largest corporate holders of Ether, still has over $84 million in cash available for additional ETH acquisitions.
The Minneapolis-based company has positioned itself as an advocate for Ethereum adoption, having made ETH its primary treasury reserve asset. SharpLink is also involved in the online gaming sector. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with 15+ additional key insights available for subscribers. For comprehensive analysis, access the detailed Pro Research Report, part of InvestingPro’s coverage of 1,400+ US equities.
The weekly update covers the period from August 10 through August 17, 2025, and is based on information provided in the company’s press release.
In other recent news, Sharplink Gaming reported a notable decline in its financial performance for the second quarter of 2025. The company’s revenue decreased to $700,000, down from $1,000,000 in the same period the previous year. Additionally, Sharplink Gaming posted a net loss of $103.4 million, which was primarily attributed to non-cash accounting impairments and stock-based compensation. These financial results represent a challenging period for the company, and the impact was reflected in its stock price. Analysts and investors are keeping a close watch on Sharplink Gaming’s future moves.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.