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SharpLink Gaming, Inc. (NASDAQ:SBET) ("SharpLink" or the "Company"), one of the world's largest corporate holders of Ether ("ETH") and prominent industry advocate of Ethereum adoption, today announced that as of October 19, 2025, SharpLink's total ETH holdings increased to 859,8531, reflecting the Company's continued commitment to strengthening its balance sheet through the accumulation of ETH. In addition, on October 17, 2025, the Company raised gross proceeds of $76.5 million, before factoring placement agent fees and other related expenses.
"Our top priority remains creating value for shareholders through disciplined execution and a relentless focus on accretive ETH accumulation," stated Joseph Chalom, SharpLink's Co-CEO. "The capital raise completed last week was executed at a premium to NAV. Shortly thereafter, we took advantage of attractive market conditions to acquire ETH at prices lower than when we raised the capital. This sequence was immediately accretive to shareholders and showcases the precision of our strategy."
Posted In: SBET
