SharpLink (Nasdaq: SBET) pulled in 449 ETH in staking rewards for the week ending July 5, 2026. That brings the company’s total Ethereum stash to 887,174 ETH, a pile worth well over $2 billion at current prices and growing larger every single week.

Here’s the thing about SharpLink: it’s essentially turned itself into a publicly traded Ethereum staking machine. And unlike buying an ETH ETF, this one actually generates yield.

The numbers behind the staking engine

Since launching its Ethereum-focused treasury strategy on June 2, 2025, SharpLink has accumulated 22,991 ETH purely from staking rewards. That’s ETH earned just by locking up existing holdings and validating transactions on the network.

The company stakes nearly 100% of its ETH through institutional partners Liquid Collective and Figment. A portion of the company’s assets has also been deployed to Linea, an Ethereum Layer 2 network, as part of a broader yield diversification strategy.