Exploring EBET, Inc. (EBET) Investor Profile: Who’s Buying and Why?

You're looking at EBET, Inc. (EBET), a stock that defintely makes you question who is still holding the bag, and honestly, the investor profile tells a stark story. The direct takeaway is that institutional money has essentially abandoned the company, leaving its fate almost entirely in the hands of retail traders and insiders; the institutional ownership stands at a striking 0.00% as of November 2025, which is a screaming red flag for a publicly traded company. This flight is understandable when you map it against the latest performance snapshot, which showed a Trailing Twelve Month (TTM) Revenue of just $21.00 million against a crushing TTM Net Loss to Common Shareholders of -$82.53 million. Here's the quick math: with the stock trading near $0.001 per share and about 14.98 million shares outstanding, the market is pricing in a near-zero probability of a turnaround, despite the enterprise value still sitting near $46.07 million. This isn't a stock for traditional portfolio managers; it's a high-stakes bet. So, who are the remaining buyers, and what are they seeing that the major institutions aren't? That's the core question we need to unpack.

Who Invests in EBET, Inc. (EBET) and Why?

If you're looking at EBET, Inc. (EBET), the direct takeaway is this: its investor profile is overwhelmingly retail-driven, which points to a highly speculative investment thesis, not a traditional growth or value play. The company's current financial distress and restructuring, including its Chapter 11 proceedings, have pushed out virtually all traditional institutional money, leaving the stock to short-term traders and risk-tolerant individual investors.

Key Investor Types: A Retail-Dominated Landscape

The ownership breakdown for EBET, Inc. is starkly different from a typical NASDAQ-listed company. As of early 2025, the vast majority of the stock is held by the general public, or what we call retail investors.

Here's the quick math on the share distribution:

• Public Investors (Retail): Hold approximately 96% of the shares.
• Insiders: Account for around 2.5% of the ownership.
• Institutional Investors: Hold only about 1.5%.

To be fair, the institutional numbers are even more telling when you look closer. As of September 2025, only two institutional owners-Guggenheim Partners, LLC and CoreCap Advisors, LLC-have filed 13F forms, holding a total of just 4 shares combined. That's not a position; that's a rounding error. This tiny institutional footprint defintely signals that large, risk-averse funds are sitting on the sidelines, viewing EBET as too volatile or too far along in its restructuring to warrant a position.

Investment Motivations: Betting on a Turnaround

The core motivation for buying EBET, Inc. right now isn't growth or dividends-it's a high-stakes bet on a successful corporate pivot or a 'lottery ticket' scenario. Traditional investment pillars are simply absent:

• Growth Prospects: The company's market position is 'drastically diminished' in early 2025 after shedding primary assets in 2024. The future hinges entirely on a viable, albeit smaller-scale, business model emerging from its financial challenges.
• Dividends: There is no indication of a near-term dividend, which is expected given the company's financial situation.
• Market Position: The company is in a state of profound transformation, having shed its primary revenue-generating assets, making its standing in the online gambling and esports betting industry marginal.

The financial reality underscores this risk. For the fiscal year ending September 30, 2023, EBET reported a Total Revenue of $39.18 million, but a Net Loss Applicable to Common Shareholders of -$88.33 million. This is a distressed asset. The retail investor motivation here is purely speculative: they are buying a penny stock-which was trading around $0.0010 per share as of November 2025-hoping for a massive percentage gain if the restructuring pays off, or if the company is successfully acquired.

Investment Strategies: Short-Term Trading and Speculation

Given the high volatility and financial uncertainty, the dominant strategies among EBET's investors are short-term and highly technical. You're not seeing long-term holding here; you're seeing a trading environment.

The typical strategies are:

• Short-Term Trading: Investors are looking to capitalize on the stock's 'above-average volatility'. They are using technical analysis to trade the wide swings, looking for quick profits on small price movements.
• Speculative Value Investing: A small subset of investors is treating the stock as a deep-value play on residual assets or intellectual property (IP) following the restructuring. They are betting that the liquidation process will maximize recovery value for creditors, or that the remaining shell company will be repurposed for a new venture.

The high retail ownership also means the stock is susceptible to social media-driven hype, a common characteristic of penny stocks. This is a momentum-driven trade, not a fundamental one. For a more detailed look at the company's financial history and operational shifts, you can read EBET, Inc. (EBET): History, Ownership, Mission, How It Works & Makes Money.

The table below summarizes the core investment profile based on the 2025 data:

If you're considering a position, understand you are entering a market dominated by speculative retail capital. Your action should be clear: model a worst-case scenario where the stock goes to zero, and only invest an amount you are willing to lose entirely.

Institutional Ownership and Major Shareholders of EBET, Inc. (EBET)

You're looking for the big money's footprint in EBET, Inc. (EBET), but the simple truth is that institutional investors-the mutual funds, pension funds, and endowments-have an extremely small stake here. The total institutional ownership remains remarkably low, consistently holding at just 0.16% of the company's shares throughout most of the 2025 fiscal year.

This minimal institutional presence is a crucial data point for any investor. It tells you the stock is largely driven by retail investor sentiment and company-specific news, not by the heavy, stabilizing hand of large funds. It's a small-cap play, and it acts like one.

Top Institutional Investors and Their Holdings

As of the most recent 2025 filings, the institutional investor base for EBET is tiny, both in number and in total shares held. Only a couple of institutions have reported a position, holding a combined total of just 4 shares. That's not a typo; it's four shares, total. This is a clear sign that the company is too small or too volatile for most institutional mandates, which often require a minimum market capitalization or trading volume.

The two largest institutional holders, according to their filings, are:

• Guggenheim Active Allocation Fund
• CoreCap Advisors, LLC

To be fair, a total of 4 shares across all institutions means that even the largest holder has a negligible financial stake. This is defintely not a stock where you worry about BlackRock or Vanguard dumping millions of shares.

Changes in Ownership: A Flat Trend in 2025

The institutional ownership trend for EBET has been flat and unchanged across the 2025 fiscal year. The percentage of shares held by institutional investors has held steady at 0.16% from September 2024 right through to October 2025. Similarly, Mutual Fund holdings have been static at 0.01% over the same period.

Here's the quick math: No change in institutional ownership means no new institutional money has been entering the stock. This suggests that the company has not yet met the criteria-be it regulatory clarity, market cap growth, or consistent profitability-that would trigger interest from larger funds. In a year where institutional investors are increasingly looking at digital assets and high-growth sectors, this lack of engagement with EBET is a significant signal. You can read more about the company's long-term goals here: Mission Statement, Vision, & Core Values of EBET, Inc. (EBET).

Impact of Institutional Investors on Stock Price and Strategy

The role of institutional investors in EBET is minimal, almost non-existent. In a typical large-cap stock, institutional buying or selling can move the price dramatically and their engagement can influence corporate strategy, but for EBET, the impact is reversed: the lack of institutional interest is the key factor.

What this means for you is that the stock price is highly susceptible to retail trading sentiment and company news, not to the methodical, long-term buying or selling of large funds. The high proportion of retail and insider ownership (which historically has been significant) means volatility is likely higher than in a stock with a 60% institutional float. The strategic influence of these two institutional holders is also effectively zero, as a 4-share position grants no meaningful voice in board composition or major policy decisions.

For a company in the software and services sector, the absence of institutional capital can slow growth. Institutional money often provides the necessary liquidity and validation that allows a company to raise capital more easily for strategic moves, like acquisitions or major product development. Without it, EBET must rely more heavily on other financing methods, which can be more dilutive or expensive. Your action here is simple: factor in the high volatility and limited institutional oversight into your risk model.

Key Investors and Their Impact on EBET, Inc. (EBET)

The investor profile for EBET, Inc. (EBET) is highly unusual and reflects the company's severe financial distress, including its Chapter 7 bankruptcy filing in early 2024 and its move to the OTC Pink Sheets. The direct takeaway is that meaningful institutional investment has vanished, leaving the shareholder base dominated by retail traders.

You're looking for the big funds and influential names, but the reality here is stark: the key investor group is the public, not Wall Street giants. This is a crucial distinction because it means the stock's volatility is driven by retail sentiment and speculation, not institutional due diligence or large block trades.

The Disappearance of Institutional Backing

The institutional ownership (mutual funds, pension funds, etc.) in EBET, Inc. is practically non-existent as of the 2025 fiscal year. When a company's financial health deteriorates to this extent, large funds typically liquidate their positions to manage risk. For a firm with a market capitalization around $3.6 million in mid-2024, and a stock price of just $0.0010 as of November 2025, the stock is simply too small and too risky for institutional mandates.

Here's the quick math: institutional investors hold a negligible portion of the outstanding shares. The ownership structure is overwhelmingly represented by Public Companies & Retail Investors, which account for 13.33 million shares, or 100.00% of the shares outstanding, according to the most recent data. This ownership concentration in the public float-the shares available for trading-is a red flag for stability.

To be fair, the institutional holdings are so tiny-just 3 shares for Guggenheim Partners, LLC and a single share for CoreCap Advisors, LLC-that they are statistically irrelevant. CoreCap Advisors, LLC is actually listed as a new institutional holder as of September 30, 2025, but with only 1 share. This isn't a vote of confidence; it's a rounding error in a large firm's portfolio, or perhaps a placeholder position.

Investor Influence: Zero Institutional Clout

In a healthy company, major investors like BlackRock or Vanguard exert influence through proxy voting, board seats, or direct engagement with management. For EBET, Inc., that influence is effectively zero.

• Institutional share counts are negligible, meaning they hold no voting power.
• The company's primary focus is on legal and financial restructuring following its cessation of operations in August 2024.
• Stock movements are driven by micro-cap dynamics, where small trades can cause massive swings. The stock's daily volatility can reach up to 114.36%, a characteristic of ultra-low-priced, speculative stocks.

The true influence now rests with the creditors and the court overseeing the bankruptcy process, not the common shareholders. The common stock is a pure speculation play on a potential, highly unlikely, post-restructuring recovery.

Recent Investor Moves: Insiders Headed for the Exits

The most notable recent moves haven't been buying, but selling, particularly from company insiders. Over the last year leading up to November 2025, insider sentiment is strongly negative.

High-impact open-market transactions show insiders purchased only $20.1K worth of stock, but sold a significant $604.6K worth of EBET, Inc. stock. This is a clear signal: the people who know the company best have been heading for the exits. The last high-profile executive move was the resignation of CEO and President Aaron Speach, and CFO Matthew Lourie, on August 1, 2024, following the foreclosure auction of certain assets.

If you are considering this stock, you must understand that you are trading against a backdrop of corporate failure and a near-total loss of confidence from the executive team. The common stock is trading on a hope and a prayer, not a viable business model. For a deeper look into the core strategy that failed, you can review the Mission Statement, Vision, & Core Values of EBET, Inc. (EBET).

Next Step: You need to confirm the company's current legal status (Chapter 7 or restructuring) before making any investment decision.

Market Impact and Investor Sentiment

You're looking for a clear picture of who is buying EBET, Inc. (EBET) and why, but the reality is stark: the sentiment is overwhelmingly negative, and institutional buying interest is virtually non-existent. The stock is a Strong Sell based on automated models, reflecting the company's severe financial constraints and its current status as a penny stock on the OTC Markets.

The core issue is a company undergoing profound transformation-specifically, navigating Chapter 11 bankruptcy proceedings as of early 2025 after shedding its primary revenue-generating assets in 2024. This financial distress is the single biggest driver of investor sentiment, overshadowing any niche technology opportunities the company might retain.

Investor Sentiment: A Clear Bearish Signal

Professional money managers have largely abandoned EBET, Inc., which is the clearest signal of current investor sentiment. As of recent filings in September 2025, the total number of institutional owners is negligible, with only 2 institutional owners holding a total of just 4 shares of the company's stock. This means institutional ownership is less than 0.16% of the float, a number that speaks volumes.

The few institutions that hold shares, like Guggenheim Active Allocation Fund and CoreCap Advisors, LLC, hold an immaterial amount, suggesting these are likely residual positions or passive index-tracking dust. The real action, and the risk, is concentrated in the hands of public and retail investors, who hold the vast majority of the equity. Honestly, when institutional holding is this low, there is no major shareholder 'sentiment' to track; the professional consensus is simply 'exit.'

• Overall Sentiment: Bearish, with 24 technical indicators signaling a sell.
• Insider Activity: Strongly negative, with insiders selling $604.6K of stock versus only $20.1K in purchases over the last year.
• Macroaxis Recommendation: Strong Sell.

Recent Market Reactions and Price Volatility

The stock market's reaction to EBET, Inc.'s situation has been a sustained, wide, and falling trend. As of November 19, 2025, the share price is around $0.0010, marking it as a highly speculative penny stock. The price volatility is significant, with a Beta of 1.13, meaning its price swings are higher than the market average. That's a huge risk for a stock with such low value.

The most significant recent corporate action was a 1-for-30 reverse stock split in October 2023, a move to maintain compliance and avoid delisting. While this temporarily boosts the per-share price, the fact that the stock has returned to such low levels in late 2025 shows the market has rejected the underlying fundamentals despite the cosmetic change. The market is pricing in the high odds of a complete loss of shareholder value given the debt load.

Analyst Perspectives on Key Investors' Impact

The impact of key investors on EBET, Inc.'s future is negligible because there are no key investors with meaningful stakes to exert influence. There is no analyst consensus rating at this time due to a lack of coverage from major financial institutions. This is typical for a company operating on the OTC market and undergoing a Chapter 11 restructuring; analysts simply stop covering the stock until a viable path forward is clear.

The focus for any potential investor should not be on who is buying, but on the company's ability to successfully emerge from Chapter 11 and monetize its remaining intellectual property. The current financial structure-with $46.68 million in debt and less than $1 million in cash-means the debt holders, not the equity shareholders, have the most influence over the company's future. Equity holders in a bankruptcy scenario often walk away with nothing. You need to understand the full financial history to grasp this situation; you can find more details here: EBET, Inc. (EBET): History, Ownership, Mission, How It Works & Makes Money.

What this estimate hides is the potential for a debt-for-equity swap, which would wipe out most, if not all, of the existing shareholder value. So, the only clear action is to monitor the Chapter 11 filings for any restructuring plan updates by the end of the year.