Sharplink Secures $33 Million Through Ether Staking as “100% ETH” Strategy Proves Successful

Sharplink Secures $33 Million Through Ether Staking as “100% ETH” Strategy Proves Successful

SharpLink Gaming has successfully harnessed the power of Ether staking, generating over $33 million in passive income over the last seven months. This strategic commitment to Ethereum, where the entire crypto treasury is staked, highlights a growing trend among public companies that view staking as a fundamental treasury strategy.

Key Takeaways

SharpLink Gaming has earned over $33 million from Ether staking in the past seven months.
The company now holds 864,840 ETH, marking it as the second-largest corporate Ether holder.
Its staking rewards totaled 10,657 ETH, translating to significant passive income.
SharpLink has introduced new strategies by moving $170 million into Linea, an Ethereum layer-2 network for additional rewards.
Institutional interest in Ether staking continues to rise, with notable players expanding their crypto holdings.

SharpLink Accumulates Yield With 864,000 ETH

The recent data from SharpLink's dashboard reveals that the company has achieved a total of 10,657 ETH in staking rewards, steadily accumulating since mid-2025.

SharpLink Accumulates Yield With 864,000 ETH

At the present market rates, this achievement equates to approximately $33 million. In the last week alone, the company reported generating 438 ETH in staking rewards, adding around $1.4 million for shareholders during that timeframe.

In a recent post on X, SharpLink reaffirmed its commitment, stating its approach is “100% ETH and 100% staked.”

With total holdings of 864,840 ETH, SharpLink has become the world's second-largest corporate holder of Ether. The firm has consistently increased its ETH position throughout the past year, as evidenced by its accumulating balance from June to early January.

The average acquisition price for SharpLink’s ETH holdings is $3,609 per unit, indicating an unrealized loss of approximately $395.6 million based on the current market price of around $3,097.

SharpLink’s Earnings

Despite these losses, the staking rewards continue to grow, providing a buffer against market volatility.

SharpLink’s ETH reserves, valued at roughly $2.66 billion at current market prices, constitute about 0.71% of Ethereum’s circulating supply. Of this, around 8,780 ETH has been earned through yield rather than purchases, highlighting the profit from staking and related strategies.

The estimated net asset value connected to its ETH holdings is about $2.65 billion, while its market net asset value ratio stands at 0.76x, indicating that SharpLink shares are trading below the true value of its assets.

SharpLink Stock Performance

As of the latest update, SharpLink’s stock, traded under the ticker SBET, was priced at $10.31, reflecting a 0.34% increase for the day. The average daily trading volume has reached around $82.2 million, indicating ongoing investor interest.

The company’s market capitalization is estimated at $2.21 billion, with an enterprise value of approximately $2.18 billion, assessed through a combination of its equity and ETH holdings.

SharpLink declares that it is currently in what it terms the “ETH Standard Era,” noting a performance increase of 67.64% since adopting Ethereum as a central asset on its balance sheet.

Corporate Adoption of ETH Staking Grows as SharpLink Invests $170 Million in Linea

In addition to its native staking efforts, SharpLink has broadened its strategy to include restaking initiatives.

Recently, the company announced it has allocated an extra $170 million worth of ETH into Linea, an Ethereum layer-2 network, to gain additional staking rewards.

This multi-year plan, initially unveiled in October, is held through Anchorage Digital Bank and aims to combine standard Ethereum staking returns with rewards from Linea and similar protocols.

SharpLink’s actions reflect a larger trend among corporate crypto treasuries.

Currently, BitMine Immersion Technologies holds the title of the largest corporate Ether holder, having staked over 936,500 ETH valued at around $2.87 billion.

In a rapid series of actions in late December, BitMine staked more than 342,000 ETH in under 48 hours, which temporarily heightened Ethereum’s validator queue. On January 8, the company further augmented its holdings by adding nearly 100,000 ETH, surpassing the 900,000 ETH mark.

The growing institutional interest goes beyond just corporate treasuries, with Morgan Stanley recently announcing plans to launch a spot Ether exchange-traded fund aimed at capturing staking yields.