SharpLink’s ETH treasury experiment is starting to look like a model, not a gamble
2025-07-08 20:15:41
Main Idea
SharpLink Gaming has significantly increased its Ethereum holdings and introduced a new ETH Concentration metric, reflecting its aggressive pivot into cryptocurrency as part of its treasury strategy.
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.
Description
In just three weeks, SharpLink’s ETH-per-share exposure jumped from 2.00 to 2.37. Once known for sports betting tech, the company is now setting institutional benchmarks in crypto treasury management, staking every coin, tracking exposure, and raising the bar. In a press release dated July 8, Minneapolis-based iGaming giant SharpLink Gaming said it now holds 205,634 Ethereum ( ETH ) tokens on its balance sheet, after purchasing another 7,689 ETH in the first week of July at an average price of $...
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