SharpLink, the Nasdaq-listed Ethereum treasury company trading under the ticker SBET, pulled in 499 ETH from staking rewards in just the past week. That brings the company’s cumulative staking haul to 23,490 ETH since it kicked off its treasury strategy, and its total Ethereum holdings now sit at 887,673 ETH.
For context, that’s the second-largest Ethereum stash held by any publicly traded company on the planet. The only outfit holding more is Bitmine Immersion Technologies (BMNR), which controls over 5.7 million ETH.
The MicroStrategy playbook, but for Ethereum
SharpLink provides what it calls structured equity exposure to Ethereum. Investors buy SBET stock on Nasdaq, and that stock price is heavily tied to how much ETH the company holds per share. It’s a way to get Ethereum exposure through a traditional brokerage account without touching a wallet or an exchange.
SharpLink actively stakes its holdings. That 499 ETH earned in a single week is essentially passive income generated from helping secure the Ethereum network. The 23,490 ETH accumulated through staking alone represents a meaningful addition to the balance sheet without the company spending a single dollar.
