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In Aug 2025, SharpLink became one of the largest publicly traded company to adopt Ethereum (ETH) as its primary treasury reserve asset, with 598,800 ETH on its balance sheet.
As SharpLink trades on the US NASDAQ exchange, Australian investors can buy SharpLink shares through trading platforms that offer access to US stocks, such as CMC Invest, Tiger Brokers or Superhero. Simply search for the ticker SBET, choose how much you want to invest, and place your order.
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SharpLink Gaming has stated that it holds Ether (ETH) as its primary treasury reserve asset, reflecting a firm belief in its long-term strategic value.
In August 2025, SharpLink increases ETH holdings to 521,939, of which have been placed into staking to generate yield.
Financially, ETH acts as a treasury asset that can appreciate and earn staking rewards. Strategically, it aligns the company with the broader Ethereum ecosystem—supporting its iGaming infrastructure built on blockchain and Web3 technology.
SharpLink Gaming's shares were split on a 1:12 basis on 5 May 2025. So if you had owned 12 shares the day before the split, the next day you would own 1 share. This wouldn't directly have changed the overall worth of your SharpLink Gaming shares – just the quantity. However, indirectly, the new 1100% higher share price could have impacted the market appetite for SharpLink Gaming shares which in turn could have impacted SharpLink Gaming's share price.
Use the fields above to explore the returns from a historical investment. Please refer to the charts further up this page to see performance over 5 years, or other periods. Past performance doesn't indicate future results. Capital is at risk.
Historical closes compared with the last close of $8.88
| 1 week (2026-01-23) | -8.92% |
|---|---|
| 1 month (2026-01-02) | -8.36% |
| 3 months (2025-10-31) | -35.84% |
| 6 months (2025-08-01) | -48.19% |
| 1 year (2025-01-31) | 72.09% |
|---|---|
| 2 years (2024-02-01) | -39.84% |
| 3 years (2023-02-01) | -3.90% |
| 5 years (2021-02-01) | -75.08% |
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The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Over the last 12 months, SharpLink Gaming's shares have ranged in value from as little as US$2.28 up to US$124.12. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while SharpLink Gaming's is 11.907. This would suggest that SharpLink Gaming's shares are significantly more volatile than the average for this exchange and represent a higher risk.
| Revenue TTM | US$13.1 million |
|---|---|
| Operating margin TTM | 967.58% |
| Gross profit TTM | US$10.9 million |
| Return on assets TTM | -0.02% |
| Return on equity TTM | -0.07% |
| Profit margin | -7.86% |
| Book value | 15.965 |
| Market capitalisation | US$1.9 billion |
| EBITDA | US$-452,498 |
TTM: trailing 12 months
We're not expecting SharpLink Gaming to pay a dividend over the next 12 months.
"SharpLink is one of the first public companies to adopt Ethereum as a core treasury asset. For investors who believe in the long-term potential of ETH and Web3, buying shares in a company like this could be a way to get exposure without holding crypto directly. "
SharpLink Gaming, Inc. engages in developing a treasury strategy centered on Ether. It operates in two segments, Affiliate Marketing and Ethereum Staking. The Affiliate Marketing segment provides performance-based customer acquisition services for sportsbooks and online casino gaming operators. It focuses on driving traffic and player acquisitions, retention, and conversions to regulated and global iGaming operator partners. In addition, this segment owns and operates a portfolio of direct-to-player affiliate marketing websites to attract, acquire, and drive local sports betting and online casino gaming traffic. The Ethereum Staking segment captures ETH-based yield by participating in the Ethereum network's staking protocol. The company was founded in 2019 and is headquartered in Minneapolis, Minnesota.
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