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SharpLink Gaming ( (SBET) ) has shared an update.
On July 8, 2025, SharpLink Gaming, Inc. announced the acquisition of 7,689 ETH between June 28 and July 4, 2025, at an average price of $2,501 per ETH, increasing its total ETH holdings to 205,634. The company raised approximately $64.0 million through an At-The-Market facility, with a significant portion of the proceeds expected to be used for further ETH purchases. SharpLink has committed all its ETH holdings to staking activities, earning 322 ETH in rewards since launching its treasury strategy on June 2, 2025. The introduction of the ‘ETH Concentration’ metric aims to enhance transparency for investors regarding the company’s ETH exposure.
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
Headquartered in Minneapolis, Minnesota, SharpLink Gaming, Inc. is the world’s largest publicly traded company to adopt Ethereum (ETH) as its primary treasury reserve asset. The company is focused on reimagining the future of online gaming and sports betting by leveraging smart contracts, DeFi protocols, and Web3 infrastructure to transform the iGaming industry.
Average Trading Volume: 7,502,682
Technical Sentiment Signal: Sell
Current Market Cap: $819.1M
For detailed information about SBET stock, go to TipRanks’ Stock Analysis page.