SharpLink (Nasdaq: SBET) generated 509 ETH in staking rewards for the week ending June 22, 2026, pushing its total Ethereum holdings to 876,285 ETH - worth over $3 billion at current prices. The company now ranks as the world’s second-largest corporate ETH holder, trailing only BitMine.
Launched on June 2, 2025, SharpLink’s Ethereum treasury strategy has accumulated 22,102 ETH in cumulative staking rewards in under 12 months. The average purchase price of its ETH stack is $3,609 per token, providing a clear cost basis for investors. Treasury growth has been fueled by aggressive at-the-market stock offerings: in July 2025, holdings stood at 198,478 ETH; less than a year later, they swelled more than fourfold.
SharpLink is led by Ethereum co-founder Joseph Lubin and former BlackRock executive Joseph Chalom. The company books staking income under U.S. GAAP, offering transparent financial reporting. In May 2026, it partnered with Galaxy to launch the Galaxy Sharplink Onchain Yield Fund, expanding beyond vanilla staking.
For investors, SBET functions as leveraged Ethereum exposure with a yield component, wrapped in a Nasdaq-traded equity. That appeals to institutions limited to stock holdings, such as pension funds. However, the share sales that fund ETH purchases dilute existing stockholders, and a price decline below the $3,609 cost basis would push the treasury underwater. The 3% annualized staking yield may not offset a major correction.