Crypto's Hottest Trade Crumples

One of the hottest trends for crypto in 2025 is reversing. Among the US and Canadian-listed companies that became digital asset treasuries, or DATs, the median stock price has fallen 45% this year, according to data compiled by Bloomberg.

Bloomberg Markets and Finance • Dec 9, 2025

SharpLink Gaming: How To Get Ethereum Exposure At A 17% Discount

SharpLink Gaming offers exposure to Ethereum at a 17% discount to its net asset value, trading at 0.83x mNAV. SBET maintains a strong financial position with no debt, significant ETH holdings, and rising staking rewards, supporting long-term stability. Despite recent price declines, the long-term bull case for Ethereum and SBET remains intact, driven by stablecoin growth and tokenization trends.

Seeking Alpha • Nov 28, 2025

SharpLink Gaming: An Undervalued Ethereum Proxy With 24% Upside

SharpLink Gaming trades below its ETH-derived net asset value, implying material upside to fair value. The company's ETH concentration is rising faster than its share dilution, lifting ETH per share. Management accesses enhanced multi-year staking yields unavailable to retail or ETFs.

Seeking Alpha • Nov 27, 2025

Crypto-linked stocks slide sharply in broad risk reversal

CNBC's MacKenzie Sigalos reports on news regarding crypto stocks.

CNBC Television • Nov 14, 2025

SharpLink Gaming, Inc. (SBET) Q3 2025 Earnings Call Transcript

SharpLink Gaming, Inc. ( SBET ) Q3 2025 Earnings Call November 13, 2025 8:30 AM EST Company Participants Dodi Handy - Vice President of Communications Joseph Lubin Joseph Chalom - Co-Chief Executive Officer Robert Phythian - Co-Founder, Co-CEO & Board Member Robert DeLucia - Chief Financial Officer Conference Call Participants Devin Ryan - Citizens JMP Securities, LLC, Research Division Brian Kinstlinger - Alliance Global Partners, Research Division Fedor Shabalin - B. Riley Securities, Inc., Research Division Kevin Dede - H.C.

Seeking Alpha • Nov 13, 2025

SHARPLINK DEMONSTRATES STRONG GROWTH MOMENTUM IN THIRD QUARTER 2025 AS IT ADVANCES EXECUTION OF ETH TREASURY STRATEGY

Management to Host Conference Call on Thursday, November 13, 2025 at 8:30 AM ET MINNEAPOLIS, MN, Nov. 12, 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 announced its financial results for the third quarter ended September 30, 2025, and provided key highlights relating to the continued execution of its ETH treasury strategy. “The third quarter of 2025 marked our first full quarter executing on SharpLink's ETH treasury strategy, and the results clearly validate our execution.

GlobeNewsWire • Nov 12, 2025

UPDATED: SHARPLINK DEMONSTRATES STRONG GROWTH MOMENTUM IN THIRD QUARTER 2025 AS IT ADVANCES EXECUTION OF ETH TREASURY STRATEGY

Management to Host Conference Call on Thursday, November 13, 2025 at 8:30 AM ET MINNEAPOLIS, MN, Nov. 12, 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 announced its financial results for the third quarter ended September 30, 2025, and provided key highlights relating to the continued execution of its ETH treasury strategy. “The third quarter of 2025 marked our first full quarter executing on SharpLink's ETH treasury strategy, and the results clearly validate our execution.

GlobeNewsWire • Nov 13, 2025

SharpLink to Host Third Quarter 2025 Financial Results Conference Call and Webcast on November 13, 2025 at 8:30 A.M. E.T.

MINNEAPOLIS, MN, Nov. 06, 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 announced that the Company will host a conference call on Thursday, November 13, 2025 at 8:30 A.M. Eastern Time to discuss its financial and operating results for the three and nine months ended September 30, 2025. The Company will release its financial results in a press release prior to the call.

GlobeNewsWire • Nov 6, 2025

SharpLink Gaming: Now An 'Underpriced Ethereum Wrapper'

SharpLink Gaming (SBET) is now trading at a significant discount to its Ethereum (ETH) net asset value, creating a compelling entry point. SBET's ETH holdings generate yield through staking and more advanced DeFi strategies, enhancing returns beyond basic asset appreciation. Management is actively buying back shares and exploring DeFi opportunities, signaling confidence and strategic capital allocation to support shareholder value.

Seeking Alpha • Nov 1, 2025

SharpLink Plans to Deploy $200M of ETH on Consensys' Linea via ether.fi and EigenCloud to Unlock Enhanced Ethereum DeFi Yields

Deployment will include combined ether.fi and EigenCloud institutional-grade staking and restaking offerings, providing DeFi yield and incentives, as well as exposure to emerging AI workloads secured by Ethereum. SharpLink's ETH is held and deployed through Anchorage Digital Bank, setting a new benchmark for ETH treasury strategies.

GlobeNewsWire • Oct 28, 2025