Sharplink (SBET), the Ethereum (ETH) treasury company backed by Consensys, now holds 867,798 ETH, valued at approximately $1.68 billion, as of Feb. 15.
That total figure includes 225,429 ETH if redeemed from the liquid staking token LsETH and 55,137 ETH if redeemed from ether.fi’s wrapped WeETH, according to a press release on Thursday. The firm has also generated 13,615 ETH in staking rewards in under a year, “all of which have accrued to stockholders.”
These staking rewards include 4,560 ETH from staking directly on Ethereum, and 8,906 tokens as-if redeemed LsETH staking rewards and 149 as-if redeemed WeETH staking rewards, the firm notes.
“Sharplink stakes nearly 100% of its ETH holdings and has staked our holdings since the beginning,” Joseph Chalom, Sharplink CEO who joined from BlackRock, said on Thursday. “Even during volatile markets, we continue growing our ETH concentration per share. No matter the price of the underlying asset, institutions know they can trust us to keep generating long-term value for our stockholders.”
Additionally, the firm notes that institutional ownership of Sharplink’s common stock has grown to 46% as of Dec. 31, according to the latest available Form 13F filings. During the fourth quarter of 2025, Sharplink added approximately 60 new institutional investors, according to the announcement.
“This record level of institutional ownership confirms that sophisticated investors want disciplined execution and institutional-grade risk management,” Chalom said.
Sharplink launched amid the boom in so-called digital asset treasuries last year, with backing from prominent Ethereum R&D firm Consensys. The firm is the second-largest Ethereum treasury, according to The Block’s data, though other firms like Galaxy Digital and Bullish, which are not pure-play ETH holders, hold more tokens.
Crypto treasuries have taken a beating, and several Ethereum-focused firms have diversified away from pure token accumulation. ETHZilla, for instance, has leaned into tokenization. Peter Thiel’s Founders Fund fully divested its 7.5% stake in ETHZilla, according to a financial filing this week.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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