SharpLink Gaming Increases Ethereum Holdings Worth $30M, SBET Surges

Soon after the news of SharpLink Gaming buying Ethereum worth $30 million, its stock grew significantly and closed 7.33% up compared to its price on June 23, 2025. According to TradingView on June 25 pre-market, the SBET stock is up by 1.86% and is expected to open at $9.84.

Source: TradingView

As per the press release dated June 24, 2025, SharpLink Gaming Inc. said it has bought an additional 12,207 Ethereum, bringing its total holding to 188,478 Ether

The release also notes that in the same period, SharpLink raised approximately $27.7 million in net proceeds through its At-The-Market facility (ATM), selling 2,547,180 shares of the company’s common stock.

In May this year, it was reported that SharpLink Gaming is planning to acquire Ethereum as a part of its treasury strategy. On June 13, 2025, it was noted that the company bought 176,270.69 for nearly $469.95 million

A detailed overview of SharpLink Gaming (SBET) stock

Sharplink Gaming Inc. has added 142.11% to its stock price, and in a quarter, a clear surge of 169.23% has been seen. Yet in the YTD frame, its prices grew around 25.78% and in 52 weeks added only 7.33%.

Despite these surges, SBET is still trading below its 20,50,100, and 200-day exponential moving averages.

In the yearly time frame, SBET stock traded highest at $124.12 and lowest at $2.26. As of writing, its market capitalization was $589.46 million.

Sharplink Gaming reported $741.73k in revenue in Q1, 2025, with a net income of -$974.90k and net margin of negative 123.59%. However, its revenue in the last quarter of 2024 was $823.44k with a net income of -$902.65k and a net margin of -122.43%.

In the year 2024, the total revenue of SharpLink was $3.66 million with a net income of -$4.57 million, and the net margin was negative 122.15%.

SharpLink’s 60.71 million shares are free floating, and 194.24k shares are closely held; the company generates 22.27% of its revenue from the United States solely.

Ethereum price updates

Until publishing, Ethereum was exchanging hands at $2,424.60 with an intraday addition of 0.38%, yet in the past seven days it lost 3.58% of its price.

In the past 24 hours, Ether tumbled between $2,400 – $2,481, and in a month it traded highest at $2,877 and lowest at $2,116.68; it is still below the 20-day EMA but is above 50, 100, and 200-day exponential moving averages.

The market dominance of Ether is down by 1.28% in the past 24 hours and now it dominates 9.03% of the market; a decline of 27.06% in the past six months and around 51.31% in the 52-week time frame.

Source: TradingView

Also, the market capitalization of ETH faced rejections as it is down by 3.36% in a week, 4.91% in a month, and around 27.00% YTD.