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SharpLink Gaming ( (SBET) ) just unveiled an update.
On June 13, 2025, SharpLink Gaming announced its acquisition of 176,270.69 ETH for approximately $463 million, positioning itself as the largest publicly-traded ETH holder globally. The company’s strategic move to make ETH its primary treasury reserve asset reflects its belief in Ethereum’s role in digital commerce and decentralized applications. This acquisition was funded through a private placement offering and an at-the-market (ATM) facility, which raised approximately $79 million. Over 95% of SharpLink’s ETH holdings are deployed in staking activities, contributing to Ethereum’s network security and generating native yield. The company’s bold ETH strategy marks a pivotal milestone in institutional adoption of Ethereum, aligning with potential legislative changes in the U.S. regarding digital assets.
Spark’s Take on SBET Stock
According to Spark, TipRanks’ AI Analyst, SBET is a Underperform.
SharpLink Gaming’s overall score is primarily affected by its weak financial performance, characterized by declining revenues and persistent losses. Technical indicators suggest a bearish trend, while valuation metrics highlight profitability challenges. However, the strategic acquisition in the crypto gaming space offers a potential growth avenue, balancing some of the financial and operational concerns.
To see Spark’s full report on SBET stock, click here.
More about SharpLink Gaming
SharpLink Gaming, Inc., headquartered in Minneapolis, Minnesota, is a Nasdaq-listed company that has developed a treasury strategy centered on Ethereum (ETH), making it a primary treasury reserve asset. The company is a trusted marketing partner for leading sportsbooks and online casino gaming operators globally, focusing on driving traffic, player acquisitions, retention, and conversions through its iGaming affiliate marketing network, PAS.net. SharpLink also operates a portfolio of affiliate marketing websites targeting sports betting and online casino gaming traffic.
Average Trading Volume: 2,359,749
Technical Sentiment Signal: Buy
Current Market Cap: $2.2B
See more insights into SBET stock on TipRanks’ Stock Analysis page.
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