SharpLink Gaming May Continue Expanding Ethereum Treasury Following $258M Weekly Purchase

Key Points

1. SharpLink Gaming acquired 79,949 ETH in a single week, increasing its total holdings to 360,807 ETH, a 29% weekly growth.

2. The company used its At-The-Market (ATM) facility to raise $96.6 million, issuing 3.8 million shares to fund the Ethereum purchases.

3. SharpLink's Ethereum concentration ratio rose to 3.06, a 53% increase from its initial level, while staking rewards accumulated to 567 ETH.

4. The company's strategy is supported by the Genius Act, which provides a clearer legal framework for digital assets in the U.S.

5. SharpLink's disciplined approach and capital deployment highlight its focus on Ethereum as a foundational asset in its treasury management.