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SharpLink Reports Total ETH Holdings Climb to 740,760 as of August 17, 2025; Raised $537 Million in Net Proceeds for Week of August 10 - August 15, 2025

1. SharpLink acquired 143,593 ETH, raising significant capital. 2. Total ETH holdings increased to 740,760, boosting company assets. 3. Company's staking rewards rose to 1,388 ETH since its treasury strategy launch. 4. Average ETH purchase price reached $4,648, reflecting market conditions. 5. SharpLink maintains over $84 million in cash for future ETH acquisitions.

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Why Bullish?

SharpLink's substantial ETH acquisitions and capital raises indicate strong financial health. Historically, increased asset holdings have led to stock price appreciation in tech-focused firms.

How important is it?

The update on ETH acquisition and treasury strategy directly impacts SBET's financial outlook and investor confidence, making the report crucial to current stock valuation.

Why Short Term?

The immediate increase in ETH holdings and staking rewards may attract investor interest quickly, driving short-term price movements. Increased market activity often correlates with stock price spikes in the near term.

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Total Staking Rewards Increased to 1,388 ETH as of August 17, 2025 MINNEAPOLIS, MN, Aug. 19, 2025 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (Nasdaq: SBET) (“SharpLink” or the “Company”), one of the world’s largest corporate holders of Ether (“ETH”) and prominent industry advocate of Ethereum adoption, today issued its update on the Company’s ETH purchases for the period Monday, August 10, 2025 through Sunday, August 17, 2025; and capital raised through its At-the-Market (“ATM”) facility and a registered direct offering during the week Monday, August 10 through Friday, August 15, 2025. Key Highlights for the Week Ending August 17, 2025: Purchased 143,593 ETH.$146.5 million in net proceeds were raised through the ATM facility this past week.$390.0 million in net proceeds were raised through a registered direct offering, which closed on August 11, 2025.Average ETH purchase price for the week was $4,648.Total ETH holdings increased to 740,760.Total staking rewards rose to 1,388 ETH since launch of treasury strategy on June 2, 2025.ETH Concentration* rose to 3.87, up 94% since June 2, 2025.Over $84 million of cash on hand yet to be deployed into ETH acquisitions. Weekly ETH and Capital Summary   Week Ending Units of ETH (K) 7/27/25  8/3/25  8/10/25  8/17/25 Beginning Balance  360.8   438.2   521.9   596.8 ETH Acquired  77.2   83.6   74.8   143.6 ETH Staking Rewards  0.2   0.2   0.1   0.3 Ending Balance  438.2   521.9   596.8   740.8                  Avg ETH Purchase Price $3,756  $3,634  $4,051  $4,648 ETH Concentration*  3.40   3.66   3.59   3.87 ATM Shares Issued (m)  10.8   13.6   13.5   6.6 ATM Net Proceeds ($m) $279.2  $264.5  $291.8  $146.5  * To enhance transparency into the Company’s yield performance, SharpLink introduced a new reporting metric called “ETH Concentration.” This metric is calculated by dividing the number of ETH SharpLink holds by each 1,000 assumed diluted shares issued and outstanding (“Assumed Diluted Shares Outstanding”). Assumed Diluted Shares Outstanding represents the sum of (i) SharpLink’s actual shares of common stock issued and outstanding as of the end of each reporting period, inclusive of disclosed ATM sales, plus (ii) the additional shares that would be issued upon the assumed exercise or settlement of all outstanding warrants, pre-funded warrants, stock option awards, and restricted stock units. Notably, Assumed Diluted Shares Outstanding is not calculated using the treasury stock method. It does not account for equity award vesting conditions, stock option exercise prices, or contractual restrictions limiting the convertibility of debt instruments. Additionally, it excludes any assumed share repurchases that would ordinarily be considered under the treasury stock method. About SharpLink Gaming, Inc. Headquartered in Minneapolis, Minnesota, SharpLink Gaming, Inc. (Nasdaq: SBET) is one of the world’s largest publicly traded companies to adopt Ether (“ETH”) as its primary treasury reserve asset – a move that aligns the Company with the future of digital capital and gives investors direct exposure to Ethereum, the world’s leading smart-contract platform and second largest digital asset. SharpLink is also reimagining the future of online gaming. Backed by a veteran team with deep roots in sports media, gaming and technology, SharpLink is charting a new course – building scalable, secure and transparent solutions that challenge outdated models and bring real innovation to the user experience. Learn more at www.sharplink.com. Forward-Looking Statement Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and these forward-looking statements are subject to various risks and uncertainties. Such statements include, but are not limited to, the execution of the Company’s treasury strategy and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, fluctuations in the market price of ETH that will impact the Company’s accounting and financial reporting (see accounting rules discussed below), government regulation of cryptocurrencies and online betting, changes in securities laws or regulations, customer acceptance of new products and services, the demand for its products and its customers’ economic condition, the impact of competitive products and pricing, the lengthy sales cycle, proprietary rights of the Company, changes in applicable laws or regulations, and its competitors, general economic conditions and other risk factors detailed in the Company’s annual report and other filings with the SEC. Under U.S. generally accepted accounting principles, entities are generally required to measure certain crypto assets at fair value, with changes reflected in net income each reporting period. Changes in the fair value of crypto assets could result in significant fluctuations to the balance sheet and income statement results. Additionally, for certain types of crypto assets, the Company may be required to record associated impairment charges reflected in net income as a result of a decrease in the market price of ETH below the cost value at which the Company’s ETH are carried on its balance sheet. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company does not undertake any responsibility to update the forward-looking statements in this press release. Investor Relations ContactSean Mansouri, CFA or Aaron D’SouzaElevate IR(720) 330-2829ir@sharplink.com Media Contact:media@sharplink.com

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