Key Metrics

The information and metrics presented on this dashboard - including, but not limited to, data relating to Sharplink, Inc.’s (the “Company”) shares of common stock, its Total ETH Holdings, the percentage of such ETH holdings that have been staked, the amount of as-if redeemed ETH equivalents, the number and value of Staking Rewards received, the price of ETH and other reported metrics - are provided for informational purposes only and should not be relied upon for investment decisions. Nothing contained herein constitutes tax, legal, insurance or investment advice, or the recommendation of or an offer to sell, or the solicitation of an offer to buy or invest, in any security. Historic market trends are not reliable indicators of actual future market behavior or future performance of any particular investment, which may differ materially and should not be relied upon as such. All investments carry a certain degree of risk and there is no assurance that any investment will provide positive performance over any time period. Different time periods and market conditions may result in significantly different outcomes. The instruments included in this dashboard are not FDIC-insured, may lose value and are not guaranteed by any bank. Information contained in this dashboard from third parties has been obtained from sources believed to be reliable, but not guaranteed. The metrics displayed here may not be fully up-to-date. Past performance of ETH, staking rewards or the Company’s stock price should not be relied upon as indicative of future performance.

Investors and other viewers of this dashboard should not place undue reliance on the information provided and are encouraged to carefully review the risk factors and other disclosures contained in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”) before making any investment or financial decisions.

ETH Concentration, ETH NAV, ETH Gain (Loss) and/or certain other metrics on this dashboard may be considered to be “key performance indicators” (“KPIs”), and each are calculated as specified on this dashboard. These metrics are also not calculated in accordance with U.S. generally accepted accounting principles (“GAAP”). The Company uses ETH Concentration, ETH NAV, ETH Gain (Loss), mNav, and Enterprise Value to help assess the performance of its strategy of acquiring ETH in a manner the Company believes is accretive to stockholders as it relates to the Company’s ETH holdings. The Company believes that ETH Concentration, ETH NAV, ETH Gain (Loss), mNav, and Enterprise Value assist investors in understanding how the Company chooses to fund ETH purchases and the value created by such purchases. These metrics have inherent limitations, including not taking into account that our assets are subject to all existing and future liabilities. These metrics are not, and should not be understood as, financial performance, valuation or liquidity measures. Investors should reference the Company’s financial statements and other disclosures contained in the Company’s SEC filings.