🤑 SharpLink’s ETH Hoard: $3.6B & Counting! 🚀

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Oh, SharpLink Gaming (SBET), you sly dog! You snatched up more than $176 million in ETH during the last week of August, like a kid in a candy store with a stolen credit card! 🎮💸 Now, your treasure chest is bursting with 837,230 ETH, valued at a cool $3.6 billion as of August 31. Cha-ching! 🤑

But hey, while you’re busy stacking ETH like it’s going out of style, your stock performance is about as exciting as watching paint dry. 😴 Investors are yawning harder than a cat on a Sunday afternoon, especially with September kicking off like a wet blanket on a bonfire. 🔥❌

SharpLink’s $176 Million Ether Shopping Spree 🛍️🚀

This Minnesota-based mischief-maker bought 39,008 ETH between August 25 and August 31 at an average price of $4,531. That’s like buying all the pizza in town and still having room for dessert! 🍕🍰 Part of this wild ride was funded by $46.6 million from their at-the-market (ATM) equity program-because who needs a savings account when you’ve got ETH? 💰

Their ETH concentration ratio? Oh, it’s through the roof at 3.94! That’s almost double since early June. So, for every dollar of cash, they’ve got nearly four bucks in ether. Talk about putting all your eggs in one blockchain basket! 🧺⛓️

NEW: SharpLink grabbed 39,008 ETH at ~$4,531 each, bringing their total to 837,230 ETH, worth ~$3.6B. 🤑

Highlights for the week ending Aug 31st, 2025:

→ Raised $46.6M via ATM (because why not?)
→ Added 39,008 ETH (more pizza, please!)
→ Staking…

– SharpLink (SBET) (@SharpLinkGaming) September 2, 2025

And get this-their staking rewards have hit 2,318 ETH since June 2. That’s like finding money in your old jeans, but way more impressive! 👖💸

Co-CEO Joseph Chalom said, “We’re executing our treasury strategy with the precision of a Swiss watchmaker and the luck of a lottery winner. We’re opportunistic, we’re bold, and we’re here to make shareholders go, ‘Wow!’” 🕺💼

SharpLink’s transformation into an Ethereum treasury vehicle started in May after a $425 million private investment round led by the big dogs-Consensys, Galaxy Digital, ParaFi Capital, Ondo, and Pantera Capital. And guess who’s now Chairman? None other than Consensys founder Joseph Lubin! 🎩✨ That’s when they said, “Gambling marketing? Nah, let’s ride the ETH wave instead!” 🌊

Stocks Swing Like a Pendulum, ETH Treasuries Balloon 🎈📉

Despite their ETH binge, SharpLink’s stock is as stable as a three-legged chair. SBET traded at $16.98 on Tuesday, down 5%-but hey, it’s up 400% since mid-May! So, it’s like a rollercoaster that sometimes goes backward. 🎢💨

Meanwhile, BitMine Immersion Technologies (BMNR) is like the cool kid in school with 1.87 million ETH-the world’s largest corporate Ether treasury. They traded at $42.49, down 2.59%. But who’s counting? 🤷‍♂️

Ethereum itself? Trading at $4,343, up 0.3% but down 11.4% since its August 24 high. It’s like a soap opera, but with more decimals. 📉🍿

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2025-09-03 06:30