In the previous session, shares of SharpLink Gaming, Inc. (NASDAQ: SBET) saw significant growth, ending at $12.66 after rising 5.72%. The firm is gaining pace as it gets ready to ring the closing bell of the Nasdaq Stock Market today, marking an important milestone that highlights its strategic embrace of digital banking.
Accepting Ethereum as a Treasury Asset
SharpLink is celebrating its groundbreaking choice to incorporate Ethereum (ETH) into its corporate treasury, making it one of the first companies listed on the Nasdaq to do so, with a bell-ringing event. SharpLink’s dedication to decentralized finance (DeFi) and its progress toward a future characterized by digital assets are reflected in this effort.
SBET is eyeing reinventing traditional treasury models with a transparent, robust, and technologically advanced alternative by embracing ETH as a key reserve. The business underlined that Ethereum’s contribution to financial innovation is in line with its overarching goal of accelerating digital transformation.
Because ETH is programmable and decentralized, it provides an institutional-grade store of value, strengthening SharpLink’s position at the nexus of corporate finance and blockchain application.
ETH Acquisition and Staking Strategy
In a show of confidence, SharpLink recently bolstered its ETH holdings. SBET paid $22.83 million for 9,468 ETH between June 23 and June 27, 2025, increasing its total holdings to 198,167 ETH at a weighted average price of $2,411 per coin.
At the same time, SharpLink sold 2,525,637 shares of common stock through its At-The-Market (ATM) facility, generating around $24.4 million in net proceeds. The majority of these proceeds are earmarked for further ETH accumulation.
Staking and Earnings from Digital Reserves
As of June 30, 2025, the entirety of SharpLink’s Ethereum holdings has been deployed into staking protocols. During the week of June 21 to June 27, the company earned 102 ETH in staking rewards, demonstrating both an active capital deployment strategy and early returns on its digital asset investments.
A New Chapter in Finance
Today’s Nasdaq closing bell event, broadcast live from the MarketSite in New York City, not only marks SharpLink’s achievement but signals a larger shift in how public companies may integrate digital assets into traditional governance structures and market frameworks.
