Ethereum Treasury Sharplink Reports Growing ETH Holdings, Institutional Investment
Sharplink, Inc.—formerly Sharplink Gaming—has rebranded to emphasize its position as a major Ethereum treasury, adopting the tagline "Ethereum with an edge." The company holds 867,798 ETH (about $1.68 billion), making it the second largest corporate Ethereum holder after BitMine Immersion Technologies. Sharplink reports nearly 100% of its ETH holdings are staked, generating ongoing yield. Institutional ownership of SBET stock reached 46% by the end of 2025, with 60 new institutional investors adding positions. Despite recent crypto market declines—Ethereum is down over 60% since last August, and Sharplink faces an estimated $1.39 billion paper loss—the company continues to increase ETH concentration per share and emphasizes long-term, disciplined treasury management. Sharplink differentiates itself by prioritizing productivity and risk management, rather than aggressive accumulation or unrelated investments. SBET stock is up 1% on the day but has dropped 39% in the past month, mirroring broad crypto market trends.
