SharpLink's $3.4B ETH Treasury: Staking Pays Off
SharpLink Gaming's Massive Ethereum Staking Strategy
SharpLink Gaming has revealed its substantial Ethereum (ETH) holdings, solidifying its position as a leading corporate holder of the cryptocurrency. The company's treasury now contains 728,804 ETH.
As of the latest market data, with ETH trading around $4,642, SharpLink's ETH stash is valued at approximately $3.4 billion. This places them as the second-largest corporate Ethereum treasury, trailing only BitMine Immersion Technologies.
Key Takeaways
- Significant Holdings: SharpLink Gaming disclosed holding 728,804 ETH, ranking among the top corporate Ethereum treasuries.
- Strategic Staking: Nearly all of SharpLink's ETH is staked, yielding over 1,300 ETH in rewards.
- Financial Core Asset: The company's focus on ETH highlights its importance as a core financial asset.
Executive Perspective
"Our second quarter marked the exciting launch of SharpLink’s ETH treasury strategy, which has positioned us at the center of a transformational opportunity in global finance and technology,” said Joseph Chalom, co-chief executive officer at SharpLink Gaming. “In the short period since launching our strategy, we’ve raised significant capital and scaled our ETH holdings in a highly accretive manner.”
Industry Insights
According to Joseph Lubin, Ethereum co-founder and Consensys CEO, Ethereum functions as the trust layer of the decentralized economy. SharpLink’s aggressive ETH accumulation, staking, and strategic management make it unique among public companies, focusing on building shareholder value via yield generation and disciplined capital use.
“Ethereum is the trust layer for the decentralized economy, and SharpLink’s aggressive accumulation, staking, and strategic management of ETH set it apart from any other public company in the market,” Lubin stated.
Recent Developments
Earlier this month, SharpLink secured a $200 million investment from global institutional investors to further expand its Ethereum (ETH) treasury. The company intends to use these funds to increase its ETH positions, reinforcing its status as a leading corporate ETH holder.
Financial Performance
In addition to its ETH holdings, SharpLink reported Q2 2025 revenue of $700,000, a decrease from $1 million in the previous year. The company also reported a net loss of approximately $103 million, compared to a $500,000 loss in Q2 2024. This was primarily driven by an $87.8 million non-cash impairment on liquid staked ETH and $16.4 million in non-cash stock-based compensation.