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SharpLink Gaming ( (SBET) ) has issued an update.
On July 1, 2025, SharpLink Gaming announced a strategic increase in its Ethereum holdings to 198,167 ETH, having acquired an additional 9,468 ETH for $22,825,734 between June 23 and June 27, 2025. The company also raised approximately $24.4 million through its At-The-Market facility, selling 2,525,637 shares of common stock, with a majority of the proceeds allocated to further increasing its ETH treasury. As of June 30, 2025, all of SharpLink’s ETH reserves were deployed in staking protocols, earning 222 ETH in rewards since June 2, 2025. The company also introduced a new reporting metric, ‘ETH Concentration,’ to enhance transparency into its yield performance. Additionally, SharpLink appointed Elevate IR as its investor relations firm to support its growth and communication strategy.
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 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 into a more dynamic, efficient, and equitable ecosystem.
Average Trading Volume: 5,756,431
Technical Sentiment Signal: Strong Sell
Current Market Cap: $581.5M
Find detailed analytics on SBET stock on TipRanks’ Stock Analysis page.