TechFlow, June 24 — According to 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 June 20, the company purchased an additional 12,207 ETH at an average price of $2,513 per ETH (inclusive of fees), for 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 facility, with the majority of proceeds allocated to further increase its ETH reserves. As of June 20, 100% of the company's ETH holdings have been deployed into staking solutions. Since launching its ETH strategy on June 2, the company has generated 120 ETH in staking rewards, achieving an 18.97% growth in ETH per share.
