Crypto’s New BFF: SharpLink Gaming

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So, you know how some people have a savings account? Well, SharpLink Gaming has an ether treasury, and it’s getting pretty fat 💸. They just bought another 7,689 ETH, because why not? 🤷‍♀️

  • Their shares went up by 26% because, apparently, investors love a good crypto splurge 📈.
  • SharpLink now has a total of 205,634 ETH, which is worth around $533 million. Not bad for a gaming company, eh? 🤑
  • They spent $19.2 million on this latest purchase, and they’re planning to use a $64 million share sale to buy even more ETH. Because, priorities 📊.

SharpLink’s strategy is to make ether the backbone of their corporate treasury. Because, you know, diversification is overrated 🙅‍♀️.

The company spent an average of $2,501 per coin, which is a pretty good deal considering ETH is trading at $2,591 right now 📊.

Their shares climbed to $15.93, which is the highest they’ve been since June 12. But, you know, don’t get too excited 🤔.

SharpLink also raised $64 million through an at-the-market share sale, because who doesn’t love a good share sale? 🤑

All of their ETH holdings are staked or restaked in protocols meant to earn yield. Because, you know, passive income is the best income 😴.

They’ve collected 322 ETH in staking rewards since June 2, which is around $2.1 million. Not bad for a few months’ work 📆.

SharpLink also introduced a new metric called ETH Concentration, because who doesn’t love a good metric? 📊

It measures the number of ETH held for every 1,000 diluted shares outstanding. Because, you know, transparency is key 🔑.

Other companies are also getting in on the ether treasury action. Bit Digital surged 18% after swapping their BTC stack for ETH. Because, you know, ether is the new bitcoin 😂.

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2025-07-08 18:08