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SharpLink has announced a strategic increase in Ethereum (ETH) holdings, totaling 188,478 ETH. This includes the acquisition of an additional 12,207 ETH (including fees and expenses) at an average price of $2,513 per ETH between June 16, 2025, and June 20, 2025.

The Nasdaq-listed company sold 2,547,180 shares of its common stock through its At-The-Market facility (ATM), generating approximately $28 million in net proceeds. The majority of the funds raised from these ATM sales will be used to expand SharpLink’s ETH treasury holdings.

SharpLink has generated 120 ETH rewards since launching its ETH-focused treasury strategy on June 2, 2025, with all of its ETH holdings deployed in staking solutions as of June 20, 2025.

Joseph Lubin, Chairman of the Board of SharpLink, Co-Founder of Ethereum, and Co-Founder and CEO of Consensys, stated, “Our progressive approach to generating long-term value for our shareholders is demonstrated by the growth of SharpLink’s ETH holdings.”

He highlighted that as ETH and other digital assets continue to shape technology and finance, SharpLink is positioning itself at the intersection of blockchain development and cutting-edge iGaming.

Lubin emphasized the company’s belief in Ethereum’s potential and its commitment to exploring innovative technologies that can create new value for the company and its investors.