---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-018680"
form_type: "8-K"
ticker: "SBET"
cik: "0001981535"
company_name: "Sharplink, Inc."
filed_at: "2025-07-11T23:59:59+00:00"
generated_at: "2026-05-18T06:59:45.158298+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SharpLink Gaming buys 10,000 ETH from Ethereum Foundation for $25.7M; obtains ATM sale waivers

## Summary
- Purchased 10,000 ETH on Ethereum mainnet from Ethereum Foundation for $25,723,680 ($2,572.37/ETH); closed July 10, 2025.
- Entered letter agreements waiving share reserve provisions to allow ATM sales of common stock before stockholder approval on July 24, 2025.
- Joseph Lubin (Chairman and Ethereum co-founder) says SharpLink will stake/restake ETH as long-term treasury reserve; no assurance stockholder approval will pass.
- ETH purchased were not previously disclosed in any prior holdings; company presents itself as 'world's largest publicly traded company to adopt ETH as primary treasury reserve'.

## SEC filing metadata
- accession: 0001641172-25-018680
- form_type: 8-K
- ticker: SBET
- cik: 0001981535
- company_name: Sharplink, Inc.
- filed_at: 2025-07-11T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1981535/000164117225018680/0001641172-25-018680-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1981535/000164117225018680/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-018680
- JSON: https://secwatch.observer/filing/0001641172-25-018680.json
- Plain text: https://secwatch.observer/filing/0001641172-25-018680.txt

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