Key Notes
- Firm raised $2.6 billion by way of varied choices to fund fast Ethereum accumulation and treasury technique implementation.
- Joseph Lubin appointed as chairman whereas Joseph Chalom joined as co-CEO to strengthen cryptocurrency-focused management group.
- Regardless of producing 1,326 ETH in staking rewards, agency reported $103.4 million internet loss resulting from non-cash impairments on holdings.
SharpLink Gaming, Inc. (Nasdaq: SBET) reported second-quarter outcomes on August 15, 2025, confirming the corporate’s new place as one of many largest company holders of Ethereum
ETH
$4 433
24h volatility:
2.5%
Market cap:
$537.34 B
Vol. 24h:
$52.24 B
, solely surpassed by Bitmine.
The quarter was marked by accelerated capital formation and substantial exercise in SharpLink shares, pushed by the launch of its Ethereum treasury technique.
We now maintain 728k $ETH, price over $3.3 billion pic.twitter.com/SCFCY5WlOf
— SharpLink (SBET) (@SharpLinkGaming) August 15, 2025
Speedy ETH Accumulation and Yield Technology Spotlight Quarter
In June, SharpLink made ETH its primary treasury reserve asset. The corporate accomplished choices totaling over $2.6 billion in capital by way of PIPE, At-The-Market, and Registered Direct buildings, fueling acquisitions and quickly scaling its ETH holdings, according to the press release.
As of June 30, 2025, SharpLink had acquired 728,804 ETH, estimated to be valued at roughly $3.3 billion, with practically all tokens staked to generate ongoing yield. The cumulative staking rewards to this point have reached 1,326 ETH since implementing the technique.
SharpLink has made notable board and government strikes to bolster its ETH-focused technique. Joseph Lubin, Ethereum co-founder and CEO of Consensys, was appointed as chairman, whereas Joseph Chalom, previously of BlackRock’s digital asset division, joined as co-CEO.
The corporate additionally entered a strategic partnership with Consensys to underpin its treasury operations with seasoned crypto asset managers and custodians.
Buying and selling Quantity Spikes as SBET Provides Public Ethereum Publicity
SharpLink shares reacted with heavy quantity and volatility within the weeks surrounding the treasury launch, with a virtually 200% enhance in shares, according to Yahoo! Finance, pushed by investor demand for publicity to Ethereum market actions by way of a publicly traded automobile.
Monetary highlights for the quarter present income of $0.7 million and gross revenue of $0.2 million, with elevated promoting, basic, and administrative bills year-over-year. The agency reported a internet lack of $103.4 million, primarily attributable to U.S. GAAP-required non-cash impairments on liquid staked ETH (LsETH) holdings and one-time stock-based compensation bills.
Regardless of the loss, administration reiterated that impairment was pushed by momentary market worth reductions for LsETH, with no sale or redemption of belongings occurring. Nonetheless, if we take a look at the NASDAQ on August 15, their traders didn’t react positively to the second quarter report, as their shares are down practically 15% immediately.
SharpLink, with the assist of Consensys and BlackRock’s digital asset division, has turn out to be an actual contender amongst Ethereum treasuries. Thus far, solely BitMine surpasses it with 1.15 million ETH. With the brand new traits of Ethereum treasuries, personalities like Vitalik Buterin support these initiatives however warn that firms must be cautious about overleverage.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed data however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm data by yourself and seek the advice of with an expert earlier than making any choices based mostly on this content material.
José Rafael Peña Gholam is a cryptocurrency journalist and editor with 9 years of expertise within the business. He wrote at high shops like CriptoNoticias, BeInCrypto, and CoinDesk. Specializing in Bitcoin, blockchain, and Web3, he creates information, evaluation, and academic content material for international audiences in each Spanish and English.
