Sharplink gaming CFO buys $49,996 in shares

MINNEAPOLIS—SharpLink Gaming, Inc. (NASDAQ:SBET) Chief Financial Officer Robert Michael DeLucia has increased his stake in the company by purchasing 7,440 shares of Class A Common Stock. The transaction, which took place on May 30, 2025, was conducted at a price of $6.72 per share, amounting to a total investment of $49,996. The stock, which currently trades at $55.37, has seen remarkable gains, surging over 720% in the past week alone according to InvestingPro data.

Following this acquisition, DeLucia now holds 14,107 shares in the company. This transaction highlights the ongoing involvement of SharpLink’s executive team in the company’s stock. With a market capitalization of $37 million and a current ratio of 3.27, InvestingPro analysis shows the company maintains strong liquidity despite high price volatility. Discover 12 more exclusive insights about SBET with an InvestingPro subscription.

In other recent news, SharpLink Gaming, Inc. has closed a significant $425 million private placement led by Consensys Software (ETR:SOWGn) Inc. and other investors. This strategic move is aimed at launching an Ethereum treasury strategy, positioning SharpLink as one of the first Nasdaq-listed companies to adopt Ethereum as its primary treasury reserve asset. Additionally, SharpLink has announced a $4.5 million public stock offering, with the proceeds intended for working capital and general corporate purposes. The offering is expected to close in May 2025, pending customary conditions.

In another development, SharpLink has disclosed a 1-for-12 reverse stock split to comply with Nasdaq’s minimum bid price requirement. This adjustment will affect outstanding common stock and warrants, with shareholders receiving one post-split share for every twelve existing shares. Furthermore, SharpLink has entered into an exchange agreement with Alpha Capital Anstalt, simplifying its capital structure by swapping preferred stock for common shares and warrants. This move eliminates all outstanding Series A-1 and Series B Preferred Stock. These recent developments reflect SharpLink’s ongoing efforts to optimize its financial strategies and shareholder value.

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