---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-016228"
form_type: "8-K"
ticker: "SBET"
cik: "0001981535"
company_name: "Sharplink, Inc."
filed_at: "2025-06-24T23:59:59+00:00"
generated_at: "2026-05-18T23:01:28.270187+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SharpLink expands ETH treasury to 188,478; raises $27.7M via ATM, options begin trading on Nasdaq

## Summary
- Acquired 12,207 ETH for $30.67M ($2,513/ETH avg); total ETH holdings now 188,478.
- Raised ~$27.7M net via ATM sale of 2.55M shares during June 16-20; majority proceeds for further ETH purchases.
- 100% of ETH staked; generated 120 ETH rewards since June 2; ETH per share up 18.97%.
- Options on SBET common stock approved and began trading on Nasdaq Options Market on June 18, 2025.

## SEC filing metadata
- accession: 0001641172-25-016228
- form_type: 8-K
- ticker: SBET
- cik: 0001981535
- company_name: Sharplink, Inc.
- filed_at: 2025-06-24T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1981535/000164117225016228/0001641172-25-016228-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1981535/000164117225016228/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-016228
- JSON: https://secwatch.observer/filing/0001641172-25-016228.json
- Plain text: https://secwatch.observer/filing/0001641172-25-016228.txt

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