According to @MilkRoadDaily, SharpLink Gaming (SBET) is the first public company to tokenize SEC-registered equity directly on Ethereum (ETH), with Nasdaq-listed shares issued natively onchain rather than as wrapped or synthetic assets (source: @MilkRoadDaily). According to @MilkRoadDaily, the post describes this as a step toward stock markets running on ETH, a development traders focused on tokenized equities and the ETH ecosystem may monitor for infrastructure and liquidity implications (source: @MilkRoadDaily).

According to @MilkRoadDaily, SharpLink Gaming repurchased 1,000,000 SBET shares at an average price of $16.67 as part of a $1.5B buyback program, equating to roughly $16M for this tranche (source: @MilkRoadDaily). According to @MilkRoadDaily, cumulative repurchases have removed nearly 1.94M SBET shares from circulation to date (source: @MilkRoadDaily). According to @MilkRoadDaily, ETH was cited as the asset referenced alongside the SBET ticker in the update, highlighting a crypto angle for market watchers (source: @MilkRoadDaily).

According to @MilkRoadDaily, SharpLink Gaming (ticker SBET) repurchased 1,000,000 shares at an average price of $16.67 for roughly $16 million as part of a $1.5 billion buyback program, bringing total shares removed from circulation to nearly 1.94 million. Source: @MilkRoadDaily on X, Sep 16, 2025. The source also identifies ETH as the asset referenced alongside this update. Source: @MilkRoadDaily on X, Sep 16, 2025.

According to @MilkRoadDaily, SBET is trading below mNAV 1, signaling the shares are priced under the market value of the ETH it holds (Source: @MilkRoadDaily, X, Sep 7, 2025). According to @MilkRoadDaily, the existing 1.5 billion share buyback authorization is most powerful in this setup, allowing the company to repurchase stock at a discount to its underlying ETH exposure (Source: @MilkRoadDaily, X, Sep 7, 2025).

According to @MilkRoadDaily, SBET added 39,000 ETH worth $172M over the weekend, bringing SharpLink Gaming’s reserves to 837,230 ETH valued at $3.7B, or about 0.7% of total ETH supply; source: @MilkRoadDaily on X, Sep 5, 2025. The same source states the position is now 84% of the way to the company’s first target of 1M ETH; source: @MilkRoadDaily on X, Sep 5, 2025. Based on the reported dollar figures, the implied average price is roughly $4,410 per ETH for the new tranche and about $4,420 per ETH for the total reserve valuation; source: @MilkRoadDaily on X, Sep 5, 2025. Using the same data, SBET would need approximately 162,770 more ETH to hit 1M, or around $720M at the implied price, and a 1M ETH position would represent roughly 0.84% of supply if supply is unchanged; source: @MilkRoadDaily on X, Sep 5, 2025. The weekend pace equates to about 19,500 ETH per day, calculated from the 39,000 ETH figure; source: @MilkRoadDaily on X, Sep 5, 2025.

According to @rovercrc, SharpLink (SBET) announced holdings of 837,000 Ethereum (ETH) on X (source: @rovercrc on X, 2025-09-02). According to @rovercrc, the post adds that 39,008 ETH were purchased in the past week (source: @rovercrc on X, 2025-09-02). According to @rovercrc, the update was shared as breaking news and tagged with $SBET and $ETH (source: @rovercrc on X, 2025-09-02).

According to @MilkRoadDaily, SharpLink Gaming (SBET) is reportedly holding 800,000 ETH toward a stated 1 million ETH treasury target. According to @MilkRoadDaily, the company still has $200 million in cash, indicating capacity for additional ETH accumulation if executed, which traders may monitor for potential spot demand effects. According to @MilkRoadDaily, ETH is the referenced asset and SBET is the ticker, and no additional disclosures or on-chain details were provided by the source.

According to @adriannewman21, they only hold a small SBET position for fun and recommend holding ETH spot or an ETH ETF instead for core exposure, source: @adriannewman21 on X, Aug 17, 2025. According to @adriannewman21, this indicates a clear allocation preference toward ETH via spot or ETF rather than SBET for portfolio positioning, source: @adriannewman21 on X, Aug 17, 2025. According to @adriannewman21, the actionable takeaway for traders is to prioritize ETH exposure through spot or ETF and treat any SBET holding, if used, as a minimal side position, source: @adriannewman21 on X, Aug 17, 2025.

According to @adriannewman21, market confidence in the mNAV narrative is being questioned as MSTR and SBET issue equity and underperform their underlying assets, raising doubt about the treasury-company approach to crypto exposure (source: @adriannewman21). According to @adriannewman21, this dilution-driven underperformance challenges the appeal of equity-based crypto proxies and may shift focus to tracking mNAV premiums/discounts versus underlying and the pace of new share issuance (source: @adriannewman21). According to @adriannewman21, traders are reacting to widening performance gaps relative to underlying assets, which can compress valuation multiples for treasury companies and impact BTC proxy trades that rely on tight mNAV alignment (source: @adriannewman21).

According to @adriannewman21, holding SBET has lately underperformed ETH, signaling perceived relative weakness versus the major alt and a negative sentiment read on the SBET/ETH pair, source: @adriannewman21 on X. No specific performance figures were provided, but the post draws attention to monitoring the SBET/ETH ratio for near-term sentiment and relative strength tracking, source: @adriannewman21 on X.

According to @milesdeutscher, treasury-driven activity from Lubin’s SBET and Lee’s BitMine has accelerated the Ethereum (ETH) narrative and pushed it back into the spotlight, highlighting renewed trading focus on ETH; source: @milesdeutscher on X, Aug 12, 2025. According to @milesdeutscher, Tom Lee is positioning himself as ETH’s “Saylor” and is calling for ETH to reach $16,000 by the end of the year, providing a concrete price target traders can track; source: @milesdeutscher on X, Aug 12, 2025.

According to @VanessaGrellet_, SBET is positioned as the ETH treasury play for corporates globally in an X post that tags SharpLink Gaming and includes a link for more information. Source: X post by @VanessaGrellet_, Aug 9, 2025. The post provides no quantitative details such as ETH allocation size, treasury policy specifics, partnerships, pricing, or timelines, and it does not reference official company filings or press releases. Source: X post by @VanessaGrellet_, Aug 9, 2025. The only tradable tickers explicitly referenced are SBET and ETH, framing a stock–crypto treasury narrative without additional disclosures in the provided content. Source: X post by @VanessaGrellet_, Aug 9, 2025. Traders seeking verification would need to review SharpLink Gaming investor communications or regulatory filings for confirmation, which are not included in the post. Source: X post by @VanessaGrellet_, Aug 9, 2025.

According to @Pentosh1, SBET and BMNR will raise at least 400-450 million today via at-the-market offerings to buy Ethereum (ETH), indicating potential large buy-side flow into ETH spot markets (source: @Pentosh1 on X, Aug 8, 2025). The author also notes high trading volume today and expects big ETH buys to follow, highlighting near-term liquidity and order flow considerations for ETH traders (source: @Pentosh1 on X, Aug 8, 2025).

According to @EmberCN, SharpLinkGaming received 21,959 ETH in the past two hours, estimated at $83.96M, highlighting a rapid on-chain inflow that traders can track for short-term ETH liquidity signals; source: @EmberCN on X, Aug 8, 2025. According to @EmberCN, SharpLink (SBET) has accumulated 568,000 ETH since early June, now valued at $2.215B, with a blended purchase price of $3,137 and an unrealized profit of $433M, indicating a large corporate ETH treasury position; source: @EmberCN on X, Aug 8, 2025. According to @EmberCN, the approach is described as a MicroStrategy-style ETH accumulation strategy, implying programmatic treasury buying behavior that is relevant for market participants monitoring whale activity; source: @EmberCN on X, Aug 8, 2025. According to @EmberCN, the reported average cost of $3,137 provides a clear treasury break-even reference for ETH traders to observe as a potential behavioral level, derived from the figures cited; source: derived from data cited by @EmberCN on X, Aug 8, 2025. According to @EmberCN, the post also references a SharpLink announcement on Aug 8; traders can watch for official disclosures and related order flow in ETH and SBET around that date; source: @EmberCN on X, Aug 8, 2025.

According to @EmberCN, SharpLink Gaming received 21,959 ETH over the past two hours, valued at approximately $83.96 million (source: @EmberCN on X, Aug 8, 2025). According to @EmberCN, since early June SharpLink (SBET) has accumulated 568,000 ETH now valued at $2.215 billion, with an average purchase cost around $3,0137 and an unrealized profit of about $433 million (source: @EmberCN on X, Aug 8, 2025). According to @EmberCN, the accumulation is characterized as a MicroStrategy-style ETH reserve strategy for the company, and the post also notes that SharpLink issued an announcement on 8/8 (source: @EmberCN on X, Aug 8, 2025).

According to @EmberCN, SharpLink (SBET) announced that as of August 3rd, they held a total of 521,900 ETH, confirming that a previously identified reserve address holding 480,000 ETH plus related addresses with 41,400 ETH belong to SharpLink. The company reportedly continued accumulating ETH after this disclosure. This large-scale ETH holding and ongoing purchase signal potential bullish sentiment from institutional players, which could influence short-term ETH price action and market liquidity, making it a key point for traders to monitor (source: @EmberCN).

According to @MilkRoadDaily, SharpLink (SBET) has made significant Ethereum (ETH) acquisitions since mid-June, purchasing 438,190 ETH valued at approximately $1.7 billion over eight transactions. This aggressive buying activity, executed via dollar cost averaging, indicates robust institutional confidence in Ethereum and may contribute to upward price pressure and increased volatility in the ETH market. Traders should monitor SBET's ongoing accumulation for potential short-term trading opportunities and long-term market shifts. Source: @MilkRoadDaily.

According to @EmberCN, a newly created address has just received 39,652 ETH, valued at approximately $152 million, from Galaxy Digital. The identity of the recipient—whether a new institutional ETH accumulator or a new address for entities like SBET—remains unclear. This high-volume transfer highlights strong ongoing institutional demand for ETH, which may impact short-term trading liquidity and price volatility. Source: @EmberCN.

According to @OnchainDataNerd, Sharplink Gaming (SBET) recently received 145 million USDC from Circle, significantly increasing its on-chain stablecoin reserves. This substantial inflow suggests possible upcoming transactions, including the potential accumulation of more ETH, which could drive notable trading activity for both SBET and ETH. Traders are monitoring the wallet closely for signals of large-scale ETH purchases, as such moves may influence ETH price volatility and liquidity in the short term (Source: @OnchainDataNerd).

According to @EmberCN, Nasdaq-listed company SharpLink Gaming (SBET) has received 10,000 ETH from an Ethereum Foundation address, confirming a previously announced acquisition. This transaction is part of a broader accumulation strategy that began in early June, mirroring MicroStrategy's approach to corporate treasury management. To date, SharpLink Gaming has accumulated a total of 232,000 ETH at an average purchase price of approximately $2,615. The position currently shows an unrealized profit of around $84.25 million, signaling significant institutional interest in holding Ethereum as a reserve asset.