SharpLink Gaming invested $30.67 million to increase its holdings by 12,207 ETH
ChainCatcher news, according to GlobeNewsWire, SharpLink Gaming, Inc. (NASDAQ: SBET) announced on June 24, 2025, that the company has strategically increased its total holdings of Ethereum (ETH) to 188,478 coins.During the period from June 16 to 20, the company purchased an additional 12,207 ETH at an average price of $2,513 per coin (including fees), for a total expenditure of $30.67 million.During the same period, SharpLink sold 2,547,180 shares of common stock through its ATM financing tool, raising approximately $27.7 million in net proceeds, most of which will be used to further increase ETH reserves.As of June 20, 100% of the company's ETH holdings have been deployed in staking solutions, generating 120 ETH rewards since the launch of the ETH strategy on June 2, achieving an increase of 18.97% per share of ETH.