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SharpLink’s Ethereum Gains Near $970 Million in Unrealized Profits

The debt-free company holds roughly 839,000 staked ETH, ranking second among corporate treasuries.

Sharplink’s ethereum strategy delivers $900 million profit
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Overview

  • The position totals 838,730 ETH valued at about $3.93 billion after this week’s price jump.
  • SharpLink built the stake between June and August from an initial 176,300 ETH and has not added since early September.
  • The holdings represent roughly 0.69% of circulating Ether supply, according to Strategic ETH Reserve data.
  • Most coins are staked through Anchorage and Coinbase, with staking rewards now exceeding 415 ETH.
  • The company has SEC authorization to sell up to $6 billion in stock to fund potential purchases and is pursuing tokenization of SBET and Linea-based staking, with Brave New Coin reporting a 10,000 ETH OTC buy from the Ethereum Foundation.