SharpLink’s ETH treasury experiment is starting to look like a model, not a gamble

Key Points

1. SharpLink Gaming now holds 205,634 Ethereum tokens after purchasing an additional 7,689 ETH in early July at an average price of $2,501 per token.

2. The company's ETH-per-share exposure increased from 2.00 to 2.37 in just three weeks, a 19% jump.

3. SharpLink's shares rose 26% to $15.93 following the announcement of its $19.2 million ETH purchase and plans to deploy another $37.2 million from a $64 million capital raise.

4. The company introduced the ETH Concentration metric to provide shareholders with clarity on their minimum ETH exposure per share, which could set a new standard for crypto-heavy balance sheets.

5. SharpLink's aggressive crypto pivot includes staking 100% of its ETH holdings, signaling a strong commitment to its cryptocurrency treasury strategy.