SharpLink Gaming | Crypto

SharpLink Gaming, Inc. has reported Ethereum treasury growth: 39,008 ETH acquired at a US$4,531 average, bringing holdings to 837,230 ETH, funded by $46.6M in ATM proceeds; 2,318 ETH in staking rewards, and cash $71.6M have been disclosed. ETH Concentration is up to 3.94 per 1,000 diluted shares. The post SharpLink Gaming, Inc. ETH Holdings Top $3.6B – Will Others Follow? appeared first on Cryptonews.

SharpLink Gaming, the second-largest Ether corporate treasury with $3.14 billion in ETH, approved a $1.5 billion stock repurchase program. SharpLing Gaming, one of the largest Ether corporate treasuries, authorized a $1.5 billion stock buyback program. In a Friday announcement, SharpLink Gaming said it authorized the repurchase of $1.5 billion worth of shares as part of its “disciplined capital markets strategy.” No repurchases have been made so far. The firm’s Co-CEO Joseph Chalom said the firm will consider buybacks when its stock trades at or below the net asset value of its Ether (ETH) holdings. “This program provides us with the flexibility to act quickly and decisively if those conditions present themselves,” Chalom added. Read more

SharpLink Gaming, Inc. has expanded its Ethereum holdings to 740,760 ETH following a $537M capital raise. The company purchased 143,593 ETH at $4,648 and reported 1,388 ETH in staking rewards, introducing a new ETH Concentration metric to track investor exposure and transparency. The post SharpLink Gaming, Inc. Bets Big on Ethereum With 143K ETH Buy and $537M War Chest appeared first on Cryptonews.

Now the largest known corporate Ether treasury, SharpLink Gaming acquired nearly $49 million worth of ETH. NASDAQ-listed sportsbook marketing firm SharpLink Gaming bought almost $49 million worth of Ether (ETH) on Sunday, as ETH prices soared past $3,000. The company, whose board is chaired by Ethereum co-founder Joseph Lubin, has been all-in on ETH since late May. This transaction brings SharpLink Gaming’s total treasury value to 198,300 ETH, worth nearly $608 million at time of writing. According to onchain analytics service Arkham Intelligence and blockchain explorer Etherscan, a wallet belonging to SharpLink Gaming received 16,370 ETH worth $48.7 million on Sunday, from a wallet likely controlled by Ethereum development organization Consensys. Read more

SharpLink Gaming intends to use most of the proceeds from its proposed share sell-off to purchase Ether, according to a recent SEC filing. US sports betting platform SharpLink Gaming has filed with the Securities and Exchange Commission (SEC) to offer up to $1 billion in shares of common stock in an effort to increase the holdings of its newly launched Ether treasury. “We intend to use substantially all of the proceeds from this offering to acquire Ether, the native cryptocurrency of the Ethereum blockchain commonly referred to as “ETH,” SharpLink Gaming said in the May 30 filing. “We also intend to use the proceeds from this offering for working capital needs, general corporate purposes, operating expenses and core affiliate marketing operations,” it said. Read more