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SharpLink Gaming’s choice to fully embrace Ethereum and invest its complete cryptocurrency treasury into staking is starting to yield tangible outcomes, with the company announcing over $33 million in passive income derived from Ether staking in the last seven months.
This announcement positions SharpLink among an increasing number of public firms that view staking not merely as a speculative trial but as a fundamental treasury approach.
SharpLink Accumulates Yield While Holding 864,000 ETH
The information released on the company’s dashboard indicates that SharpLink has accrued a total of 10,657 ETH in staking rewards, progressively gathered since mid-2025.
Source: SharpLink
At today’s prices, this amount equates to approximately $33 million. The firm reported earning 438 ETH in staking rewards over the past week alone, contributing about $1.4 million in value for shareholders during that timeframe.
In a message shared on X, SharpLink reaffirmed its strategy, declaring that it remains “100% ETH and 100% staked.”
SharpLink generated 438 ETH in staking rewards last week, bringing our cumulative total to 10,657 ETH.
At current prices, that translates to ~$1.4M of value generated for shareholders last week.
Our thesis remains unchanged: 100% ETH and 100% staked. pic.twitter.com/a6cBNIZQI0— SharpLink (SBET) (@SharpLink) January 6, 2026
SharpLink is now recognized as the world’s second-largest corporate holder of Ether, with total assets of 864,840 ETH.
The company has consistently increased its exposure over the past year, with its ETH balance chart reflecting a steady accumulation from June through early January.
The average acquisition cost across its holdings is $3,609 per ETH, which means the company is currently facing an unrealized loss of $395.6 million based on Ethereum’s present market price of around $3,097.
Source: StrategicETHReserve
Nevertheless, the staking rewards continue to build up and partially mitigate price fluctuations.
The company’s ETH reserve is estimated to be around $2.66 billion at current market values, representing approximately 0.71% of Ethereum’s circulating supply.
<pfrom this reserve, roughly 8,780 eth has been generated through yield rather than direct acquisitions, showcasing income from staking and associated on-chain strategies.
SharpLink’s projected net asset value linked to its ETH holdings is about $2.65 billion, while its basic market net asset value ratio stands at 0.76x, suggesting that the company’s shares are trading below the value of its underlying assets.
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Source: SharpLink
SharpLink’s stock, listed under the ticker SBET, was valued at $10.31 in the latest update, reflecting a 0.34% increase for the day.
The average daily trading volume over the past month is approximately $82.2 million, indicating sustained liquidity and investor engagement.
The firm’s market capitalization is estimated to be $2.21 billion, with an enterprise value of around $2.18 billion based on a combined assessment of its equity and ETH holdings.
The company reports that it is now functioning in what it terms the “ETH Standard Era,” noting a performance increase of 67.64% since adopting Ethereum as its primary balance sheet asset.
Corporate ETH Staking Gains Momentum as SharpLink Invests $170M Into Linea
In addition to native staking, SharpLink has expanded into restaking initiatives.
This week, the company revealed it has allocated an additional $170 million in ETH into Linea, an Ethereum layer-2 network, to accrue additional restaking rewards.
SharpLink, the world’s second-largest corporate holder of Ethereum, has deployed $170M in ETH on Linea as part of its $200M crypto treasury strategy.#Ethereum $SBEThttps://t.co/rYSZM60B4U
— Cryptonews.com (@cryptonews) January 8, 2026
SharpLink, the world’s second-largest corporate holder of Ethereum, has deployed $170M in ETH on Linea as part of its $200M crypto treasury strategy.#Ethereum $SBEThttps://t.co/rYSZM60B4UThis multi-year initiative, initially announced in October, is managed through Anchorage Digital Bank and combines foundational Ethereum staking returns with incentives from Linea and related protocols.
SharpLink’s actions reflect a broader trend among corporate cryptocurrency treasuries.
BitMine Immersion Technologies, now the largest corporate Ether holder, has staked over 936,500 ETH valued at approximately $2.87 billion.
In late December, BitMine staked more than 342,000 ETH in under 48 hours, momentarily tightening Ethereum’s validator queues.
Tom Lee’s Bitmine has staked 109,504 ETH, valued at about $344.4 million, on Thursday#Bitmine #EthereumTreasury #ETHPricehttps://t.co/CVS5joM0jp
— Cryptonews.com (@cryptonews) January 8, 2026
On January 8, the company added nearly 100,000 ETH more, raising its total holdings above 900,000 ETH.
Institutional interest is expanding beyond corporate treasuries, with Morgan Stanley recently filing to establish a spot Ether exchange-traded fund aimed at capturing staking yield.
The post Sharplink Rakes in $33M From Ether Staking as “100% ETH” Bet Pays Off appeared first on Cryptonews.
