SharpLink Gaming's Weekly ETH Purchases Jump 250%, Total Holdings Exceed 728,000 ETH

Minneapolis, MN – SharpLink Gaming, Inc. (NASDAQ: SBET) has significantly accelerated its Ethereum (ETH) acquisition strategy, with recent weekly purchases surging by 250%. This rapid accumulation challenges perceptions of "slow acquisition" as the company continues to build one of the world's largest corporate ETH treasuries. A recent social media post from fabda.eth highlighted what it called "CT's disappointment over $SBET 'slow acquisition'," but countered this by stating, "Last week was SBET biggest weekly purchase ever, 2.5× bigger than the week before. Sharplink weekly buys are in fact, up only."

The company has aggressively pursued its ETH acquisition goals, successfully raising over $2.6 billion in capital since early June 2025 through a combination of PIPE, At-The-Market (ATM), and Registered Direct offerings. Notably, approximately $900 million of this capital was secured in just one week, underscoring significant investor confidence in its new direction. These substantial funds are primarily earmarked for increasing its Ethereum holdings, with SharpLink Gaming reporting 728,804 ETH in its treasury as of August 15, 2025.

SharpLink's strategic pivot involves establishing ETH as its primary treasury reserve asset, a move designed to offer investors direct and efficient exposure to Ethereum's transformative potential in global finance. To execute this vision, the company has assembled a formidable leadership team, including Ethereum co-founder Joseph Lubin as Chairman of the Board and Joseph Chalom, a 20-year BlackRock veteran, as Co-CEO. This leadership, coupled with a strategic partnership with Consensys, the world's largest Ethereum software company, aims to differentiate SharpLink in the market.

Despite the rapid accumulation of ETH, SharpLink Gaming reported a net loss of $103.4 million for the second quarter of 2025. This loss was largely driven by an $87.8 million non-cash impairment on liquid staked ETH holdings, an accounting requirement under U.S. GAAP rules when the asset's price drops below its acquisition cost. The company clarified that this is an accounting adjustment and no ETH assets have been sold. Furthermore, SharpLink stakes nearly 100% of its ETH, generating cumulative rewards of approximately 1,326 ETH to date, reflecting its long-term strategy to generate yield from its digital asset treasury.