- SharpLink bought 143,593 ETH at about $4,648, lifting holdings to 740,760.
- The firm raised $537 million and retains over $84 million in cash for deployment.
SharpLink Gaming, the Nasdaq listed company trading as $SBET, disclosed the purchase of 143,593 ether at an average price of approximately $4,648 for the week ending August 17, 2025, bringing total holdings to 740,760 ETH.
SharpLink raises $537 million through offerings to finance ETH purchases
The company reported $537 million in net proceeds raised during the same week via a combination of a registered direct offering and issuance under its at the market program.
According to the update, $390 million was raised through the registered direct offering that closed on August 11 and $146.5 million came from the ATM facility.
NEW: SharpLink acquired 143,593 ETH at ~$4,648, bringing total holdings to 740,760 ETH
Key highlights for the week ending Aug 17, 2025:
→ Raised $537M through ATM and direct offerings
→ Added 143,593 ETH at ~$4,648 avg. price
→ Staking rewards: 1,388 ETH since June 2 launch… pic.twitter.com/GSe6XzSAwW— SharpLink (SBET) (@SharpLinkGaming) August 19, 2025
Management said more than $84 million in cash remains available for deployment into further ETH acquisitions. The firm’s weekly summary also recorded an average purchase price of $4,648 for the latest tranche.
At prevailing market levels, external estimates place the market value of SharpLink’s ether treasury at just over $3.1 billion, though the figure will continue to move with ETH price changes.
Company reports 1,388 ETH earned in staking since June 2 launch
SharpLink began its ether treasury strategy on June 2, 2025 and has earned 1,388 ETH in staking rewards since launch. The company introduced an “ETH Concentration” metric to track holdings relative to potential equity dilution and said the measure rose to 3.87, an increase of 94 percent since June 2.
The firm defines ETH Concentration as the number of ETH held per 1,000 assumed diluted shares outstanding, which includes issued shares plus the shares that would be issued upon assumed exercise or settlement of outstanding securities.
The weekly report detailed movements in the treasury across recent periods, showing ending balances of 438.2k ETH on July 27, 521.9k ETH on August 3, 596.8k ETH on August 10 and 740.8k ETH on August 17. The average ETH purchase price series rose from $3,756 to $4,648 over those weeks.
SharpLink announced the acquisition of 143,593 ETH at an average price of approximately $4,648, worth about $667 million, bringing its total holdings to 740,760 ETH. The company still holds over $84 million in cash yet to be deployed and has earned 1,388 ETH in staking rewards…
— Wu Blockchain (@WuBlockchain) August 19, 2025
SharpLink disseminated the update via its investor channels and social media account, reiterating that ether is its primary treasury reserve asset. The company framed the weekly disclosures as part of its approach to transparency around capital raising, deployment and yield metrics.
The asset referenced is ether, denoted as $ETH, and the company’s stock trades under the ticker $SBET on Nasdaq. The update covered activity through Sunday August 17 and was published on August 19.
At present, Ethereum is trading at $4,160.58, reflecting a decline of $75.43 from the previous close, equivalent to a –1.78% change in the last 24 hours. The price has ranged between a low of $4,072.70 and a high of $4,322.62 during this period.
