SharpLink Gaming invests $30.67 million to acquire an additional 12,207 ETH

According to ChainCatcher, citing GlobeNewsWire, SharpLink Gaming, Inc. (NASDAQ: SBET) announced on June 24, 2025, that it has strategically increased its total Ethereum (ETH) holdings to 188,478 ETH.

Between June 16 and 20, the company purchased an additional 12,207 ETH at an average price of $2,513 per ETH (including fees), with a total expenditure of $30.67 million.

During the same period, SharpLink raised approximately $27.7 million in net proceeds by selling 2,547,180 shares of common stock through its ATM financing tool, with the majority of the funds to be used for further increasing its ETH reserves.

As of June 20, 100% of the company’s ETH holdings have been deployed in staking solutions. Since the launch of its ETH strategy on June 2, the company has generated 120 ETH in rewards, achieving an 18.97% increase in ETH per share.