SharpLink earns 499 ETH in weekly staking rewards, holdings near 888K

SharpLink, the Nasdaq-listed Ethereum treasury company trading under SBET, generated 499 ETH from staking rewards in the past week, bringing its cumulative staking haul to 23,490 ETH since the strategy launched, according to the company's public dashboard.

"SharpLink provides structured equity exposure to Ethereum, with the stock price tied to how much ETH the company holds per share," the company said in its dashboard disclosure. Investors buy SBET on Nasdaq to gain Ethereum exposure through a traditional brokerage account without managing a wallet or exchange account.

The 499 ETH earned in a single week represents roughly a 0.056% weekly return, or about 2.9% annualized if the rate holds steady. Total holdings now sit at 887,673 ETH, making SharpLink the second-largest public Ethereum treasury holder behind only Bitmine Immersion Technologies, which controls over 5.7 million ETH. The company's average purchase price across its entire portfolio stands at $3,586 per ETH, according to the dashboard.

SharpLink resumed active Ethereum purchases in June after a pause, scooping up 5,000 ETH on June 25 and another 10,000 ETH at an average price of $1,611 per coin — roughly 55% below the portfolio's average cost. The buys pushed total holdings from approximately 872,984 ETH in May to the current 887,673 ETH, a net increase of roughly 14,700 ETH in about two months combining direct purchases and staking rewards. The company funds acquisitions partly through at-the-market equity offerings, which can dilute the share count, while also executing share repurchases to manage dilution.

The company has added over 365,000 ETH to its balance sheet in less than a year, growing from roughly 521,939 ETH as of August 2025. Those staking rewards get added to the total, which then generates more rewards the following week — a compounding effect that has contributed 23,490 ETH to the balance sheet without any cash outlay.

For investors tracking SBET as a proxy for Ethereum exposure, the key metric is ETH per share — the interplay between at-the-market dilution and ETH accumulation determines whether shareholders gain or lose exposure over time. SharpLink's public dashboard provides real-time visibility into per-share ETH concentration, addressing that concern directly. The recent purchases at $1,611 suggest management sees current prices as attractive, with the company buying ETH at a significant discount to its $3,586 portfolio average.

This article is for informational purposes only and does not constitute investment advice.