Between June 23 and June 27, the company acquired an additional 9,468 ETH for approximately $22.8 million, bringing its total Ethereum holdings to 198,167 ETH, valued at $485 million.
However, the firm is thawing the pains of losses with the revenue it generates from staking its assets.
Since launching its staking strategy, SharpLink has generated 222 ETH, which is valued at approximately $540,000.
“We are entering a new era where digital assets like Ethereum are no longer speculative instruments – they are fast becoming the strategic currency of the modern digital economy.”
To improve transparency and track the company’s Ethereum-related performance, SharpLink has introduced a new reporting metric, “ETH Concentration.”
The ETH Concentration metric is calculated by dividing the total ETH held by 1,000 assumed diluted shares outstanding. The calculation includes actual shares, shares from warrants, stock options, and restricted stock units, but excludes share buybacks and vesting restrictions.
Since June 13, when SharpLink first disclosed its Ethereum accumulation strategy, the ETH Concentration metric has risen from 2.00 to 2.35 ETH per 1,000 diluted shares as of June 27—a 17.7% increase.
Meanwhile, SharpLink has appointed Elevate IR as its record investor relations agency in a related development. The firm will support SharpLink in shaping its financial communications and investor engagement efforts.
Rob Phythian, CEO of SharpLink Gaming, highlighted the partnership as a crucial step in maintaining transparency, saying:
“Ethereum is more than a treasury asset – it’s the financial foundation for what we believe will become the next generation of capital management and online gaming infrastructure.”
