---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-018731"
form_type: "8-K"
ticker: "SBET"
cik: "0001981535"
company_name: "Sharplink, Inc."
filed_at: "2025-10-21T23:59:59+00:00"
generated_at: "2026-05-17T03:06:08.844310+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# SharpLink Gaming reports ETH holdings of 859,853 and cash+ETH of $3.5B; raised $76.5M

## Summary
- Total ETH holdings as of Oct 19, 2025: 859,853 (601,143 native ETH + 258,710 as-if redeemed LsETH).
- Acquired 19,271 ETH for ~$75M at weighted avg price of $3,892/ETH using proceeds from $76.5M direct offering.
- Cumulative staking rewards since June 2, 2025: 5,671 ETH (2,237 native, 3,434 LsETH).
- Cash and equivalents on hand: ~$36.4M; ETH concentration metric rose to 4.0 (up 100% since June 2).
- Company states capital raise at premium to NAV and subsequent ETH purchase was immediately accretive to shareholders.

## SEC filing metadata
- accession: 0001493152-25-018731
- form_type: 8-K
- ticker: SBET
- cik: 0001981535
- company_name: Sharplink, Inc.
- filed_at: 2025-10-21T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1981535/000149315225018731/0001493152-25-018731-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1981535/000149315225018731/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-018731
- JSON: https://secwatch.observer/filing/0001493152-25-018731.json
- Plain text: https://secwatch.observer/filing/0001493152-25-018731.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.