what's sharplink?
SharpLink Gaming is a NASDAQ-listed company that has pivoted to an Ethereum-centric treasury strategy, positioning itself as a vehicle for institutional-grade ETH exposure through public equity. Its core value proposition involves accumulating ETH as the primary reserve asset, staking nearly 100% of holdings to generate compounding yields, and concentrating value into SBET shares to enhance per-share ETH ownership for stockholders.
SharpLink accumulated 8,776 ETH in staking rewards since June, generating $1.38M weekly revenue.
Voloridge purchased 2.1 million shares, increasing its position to 2.71 million shares.
Qube Research purchased 6.88 million shares, initiating a new position.
Alyeska Investment purchased 1.76 million shares, increasing its position to 4.26 million shares.
Fidelity purchased 10 million shares, bringing its total position to 17.68 million shares.
Millennium Management purchased 2 million shares, increasing its position to 3.23 million shares.
Generated $1.1 million (552 ETH) in staking rewards during the week ending approximately February 10, 2026, bringing cumulative staking rewards to 13,113 ETH.
The company accumulated 8,776 ETH in staking rewards since June.
ETH staking operations produce $1.38M weekly revenue, equating to roughly $70M annual revenue at current prices and holdings.
SharpLink's Joe Chalom speaks on institutional crypto adoption panel at LONGITUDE Abu Dhabi on December 11, co-hosted by Cointelegraph and Phemex.
Edge podcast features conversation with large HFT crypto company confirming US compliance restrictions prevent direct token purchases, validating institutional demand for DAT equity wrappers to access tokens and DeFi yield. Company receives recognition for pushing the theme of offering DeFi yield on public markets through Digital Asset Treasury structures.
SharpLink Gaming listed among 38 Digital Asset Treasury companies on MSCI's preliminary list for potential removal from major JPMorgan-endorsed indexes due to over 50% digital asset holdings (Ethereum/Bitcoin). Decision date set for January 15, 2026.
Institutional holders tripled in Q3 from 40 to 138, with 98 new institutions added to the equity wrapper for ETH exposure.
Stock price increases 6% as digital asset treasury stocks outpace crypto market recovery.
Token down approximately 75% following alleged celebrity endorsement by Cramer.
Institutional ownership reached 46%, highest concentration across ETH DATs, despite ETH declining 60% from prior year's peak.
A wallet linked to the project receives 10M USDC back from Galaxy Digital OTC after sending 10,975 ETH ($33.5M) over the past 2 days.
Transfers an additional 5,533 ETH worth $16.48 million to Galaxy Digital, marking the second consecutive day of large transfers to the OTC desk.
Transfers 5,442 ETH worth $17.02 million to Galaxy Digital's OTC wallet, with total holdings of 861,000 ETH showing $430 million in unrealized losses at a $3,609 cost basis.
Sharplink Gaming acquires Bitcoin according to data referenced in the tweet, representing a potential expansion beyond its established Ethereum treasury holdings.
Updated holdings show approximately 859,000 ETH valued at $3.044 billion, up from 838,152 ETH reported on November 10.
Includes Joseph Chalom, former BlackRock executive, and Ethereum co-founder Joe Lubin. Chalom states Ethereum is the infrastructure Wall Street will build on.
The company repurchases nearly 1.94M shares at an average of $16.67 as part of its $1.5B buyback program launched in August. The company holds 838,152 ETH and earns 6,575 ETH in staking rewards since June.
SharpLink will release its Q3 financial report on November 13.
The protocol projects $88M in annualized staking revenue from $2.77B worth of ETH holdings, currently valued at $2B with $SBET stock price at $11.
$200M in ETH deployed through EigenCloud infrastructure in collaboration with Linea. Major integrations announced include Google's Agent-to-Agent Payment Protocol, Coinbase AgentKit with EigenAI and EigenCompute, and Worldcoin's verifiable gameplay serving 70k weekly users.
SharpLink officially denies selling any ETH and states the wallet that deposited $14.47M worth of ETH into OKX was wrongfully labeled on Arkham. The company notes that as a public company, it must disclose any underlying asset sales.
mNAV declines to 0.82 (18% below par) from previously reported 0.85, while the protocol generates 459 ETH per week from staking operations.
SharpLink generated 6,575 ETH (approximately $24 million) in staking rewards since launching its Ethereum treasury on June 2. The company clarifies it operates without debt, using equity sales rather than debt issuance to acquire ETH, and mentions partnerships with Linea and EtherFi for enhanced yield opportunities.
The project carries approximately $440 million in debt based on enterprise value data from the website, with estimated market cap of $1.8 billion at 20x revenue multiple.
Current mNAV is 0.85 based on Artemis DAT dashboard.
A wallet linked to SharpLink Gaming deposited 4,364 ETH (approximately $14.5 million) into OKX within the past four hours after withdrawing 5,284 ETH (approximately $17.5 million).
SharpLink generates annualized $83 million from staked ETH and currently holds 859,853 ETH valued at approximately $2.89 billion.
Joe Chalom selected as one of the first 50 speakers announced for Consensus Miami conference, appearing alongside SEC Commissioner Paul Atkins, executives from Citi, Mike Novogratz of Galaxy, and other major industry figures.
Leadership pivots strategy from long-term decade play positioning to Q4 performance focus, with new hires brought on to accomplish Q4 goals.
Bitmine accumulated $300 million in ETH in the past week with intent to hold and stake long-term.
SharpLink generated 459 ETH from staking rewards last week, bringing total cumulative staking rewards to 6,575 ETH.
Total Ethereum losses reach $2.57 billion as $450 million drained from Bitmine-affiliated yield farm exploit and SEC filings trigger forced liquidations on DAT platforms.
BMNR and SBET are described as the largest ETH DATs in the market.
Partnership with etherfi and Anchorage confirmed as infrastructure providers alongside Linea for the $200M ETH commitment, with coverage across CoinDesk, TheBlock, DecryptMedia, Cointelegraph, Blockworks, and Coinspeaker.
ETH treasury is 100% staked and generates over $229K worth of ETH daily.
Treasury holds 867,798 ETH valued at $3.01 billion with average cost basis of $3,609, representing an unrealized loss of $93.77 million as of February 19, 2026. Nearly all holdings are staked, generating 13,615 ETH in staking rewards with zero debt.
Digital Asset Token (DAT) for SBET goes live on Ostium platform alongside MSTR and BMNR.
SharpLink commits $200M ETH to Linea Strategy.
Consensys hired JPMorgan and Goldman Sachs as lead underwriters for its upcoming IPO, with the company holding investments in Ethereum treasury firms including SharpLink.
Bernstein initiates coverage with Outperform rating and $24 price target, representing 75% upside.
$SBET participates in Linea's ignition program.
SharpLink Gaming onboards Joe Chalom and makes additional new hires while establishing the Linea Consortium.
$SBET declined 85% over a 5-month period since the Digital Asset Treasury announcement while Ethereum gained 55% during the same timeframe.
Company executes $200M ETH deployment on Linea using ether.fi restaking and Anchorage Digital custody for combined staking, restaking, and DeFi yields plus AI workload exposure on EigenCloud.
SWIFT pilot program for on-chain settlement involves 30+ top-tier banks and institutions with Sharplink potentially deploying billions of ETH onto Linea blockchain.
Total ETH holdings reach 859,853 ETH valued at $3.58 billion with an average cost basis of $3,609 and unrealized profit of $480 million, with the recently transferred 19,271 ETH from FalconX originally purchased on October 17 at $3,892 through a $76.5 million stock placement.
SharpLink adds 19,000 ETH to its treasury holdings.
23% of institutions believe Digital Asset Treasuries are now old news, and $SBET declined 19% in the last month.
Stock traded at $18 approximately one month ago before declining to current levels around $2.84 per share, representing a decline of over 84%.
An investor purchases 70,000 shares at $2.84 as part of a $3M+ equity deployment, adding crypto-linked exposure heading into Q4.
Plans to deploy billions of dollars in ETH holdings into various DeFi projects on Linea blockchain to generate additional yield for shareholders.
Ethereum Foundation sold 10,000 ETH to SharpLink via OTC transaction within the past 4 months, as part of several large transfers from the Foundation's 0xc06 wallet.
T-REX 2X Long $SBET Daily Target ETF begins trading, offering leveraged exposure to the ETH holdings. Company reports total staking yield of 5,671 ETH and $36.4M cash on hand.
Bought 19,271 ETH in latest purchase, with total holdings now at 859,853 ETH.
SharpLink allocates approximately $3B+ into its ETH treasury, representing a major capital deployment into Ethereum holdings.
Strengthens executive team with hires from FalconX, Bridgewater, Bain Capital Crypto, and Consensys, bringing expertise in institutional trading, macro strategy, venture investing, and Ethereum infrastructure.
Company discussed at Blockworks DAS conference in London under the topic "The Path to Trillions: Ethereum's Institutional Dominance" with $SBET ticker referenced alongside $ETH asset.
Staked 224 ETH to Ethereum 2.0 deposit contract in the last 24 hours to generate staking rewards.
Plans to inject ETH to Linea blockchain, with Etherexfi identified as the main DEX that will benefit from this injection.
CMC News establishes $50 price target, representing 200% upside potential.
Launches dashboards for specific DATs including BMNR and SBET, with additional dashboards planned.
B. Riley establishes $32 price target (111% upside) and names the company as top pick among Ethereum Treasury Companies.
Raises $76.5 million through equity issuance at $17 per share (12% premium over market) and expects to raise an additional $79 million through 90-day premium purchase contracts at $17.5 per share (19% premium), with all proceeds designated for purchasing more ETH.
The company is identified as the second largest ETH treasury organization in the world.
Token trades at 0.99X market cap to net asset value (mNAV) with $220M unrealized P&L on ETH holdings, remaining largely unaffected by recent market dump.
Holdings doubled to approximately 839,000 ETH over the past four months, with the company maintaining zero debt on its balance sheet.
Unrealized gains on ETH treasury holdings surpass $900 million since launch.
SharpLink Gaming announces a cooperative partnership with Linea blockchain (LineaBuild), with ConsenSys founder and Ethereum co-founder Joe Lubin displaying notable enthusiasm during the announcement according to a Linea Core Team observer.
Joe Chalom, previously identified as BlackRock's head of digital asset strategy, is revealed to be Co-CEO of SharpLink Gaming while speaking at the LONGITUDE panel on digital asset treasuries.
Head of Corporate Development Michael Camarda speaks at EigenPhi MEV Space event about digital asset treasuries on October 2nd during Singapore's Token2049.
The company announces it will offer tokenized shares through Superstate's Opening Bell platform.
The company's Ethereum treasury holdings are revealed to be over $3 billion in ETH.
SharpLink Gaming announces plans to tokenize $SBET on the Ethereum blockchain.
The company reports $500M in unrealized profit from a strategy launched on June 2, 2025.
The company announces it will be the first public company using Ethereum to record and issue official shares, enabling bridging between brokerage accounts and ERC-20 format with DeFi integrations planned.
The company reports generating $500 million in profit through its ETH reserve strategy and currently holds 838,728 ETH on its balance sheet.
The CEO publicly positions onchain settlement as the 'greatest risk reduction' for global finance.
BlackRock's head of digital asset strategy Joe Chalom is providing institutional Ethereum demand insights in connection with the project.
The company is 16.2% away from completing its Ethereum strategic reserve target, nearing the end of its accumulation goal.
The company is depositing additional ETH to staking contracts while continuing to accumulate staking rewards.
Senior leadership announces participation in major crypto conferences including Korea Blockchain Week (Sept 22-27), TOKEN2049 (Oct 1-2), and Digital Asset Summit (Oct 13-15), while referencing ETH integration with Linea blockchain.
The company commits to continuing share buybacks if its NAV drops below 1, indicating a conditional buyback strategy beyond the current $1.5B program.
The company has earned 3,240 ETH in staking rewards since June 2nd and completed a total of 1.94 million SBET share repurchases under its $1.5B buyback program, while the stock experiences a slight dip following the latest buyback round.
The company repurchased an additional 1 million SBET shares under its $1.5B buyback program and increased ETH holdings to 838,152 ETH (~$3.86B), representing continued buyback execution and modest treasury expansion.
Rezerve Money protocol publicly cites the project alongside MicroStrategy as inspiration for their ETH treasury strategy, positioning it as a reference point for institutional treasury management approaches.
Ethereum holdings deliver approximately $976M in unrealized gains, highlighting the success of the treasury strategy.
SharpLink ranks as the second-largest ETH treasury company with 837,230 ETH holdings, part of the top 5 companies collectively holding 3% of total ETH supply.
SharpLink transfers $1.2B in stablecoins to Galaxy Digital, routed through Binance, with an additional $379M USDC transfer also sent to Galaxy Digital for potential ETH purchases.
Share buyback execution starts with 939,000 SBET shares purchased at $15.98 average, while management projects $67-$151M annual rewards from staked ETH to support ongoing repurchases.
Lubin hints at new equity structure development and another TGE in progress within Consensys ecosystem.
The company's share buyback program totals $1.5 billion in size, significantly larger than the initial $15M execution, with nearly all of its $3.6B ETH treasury currently staked and generating revenue while maintaining zero debt.
Token receives endorsement as a Generation 2 DAT positioned as a future leader in the ETH ecosystem.
Etherex confirmed as liquidity hub for the $3.6B ETH treasury deployment on Linea, with additional backing from Consensys.
Company announces plans to deploy its ETH treasury on Linea blockchain network.
Company confirms it will stake portion of $3.6B ETH treasury on Linea network with mainnet launch set for September 10.