SharpLink’s Ether Holdings Near $1B in Unrealized Gains
SharpLink Gaming’s Ether holdings surged in value as ETH rose nearly 4.5% in the past 24 hours, bringing the company’s unrealized gains close to $1 billion.
On Tuesday, SharpLink revealed that its profit from ETH purchases had surpassed $900 million since launching its accumulation strategy on June 2. Strategic ETH Reserve data shows the company holds 838,730 ETH—worth about $3.93 billion—representing 0.69% of the total supply.
“With 839k ETH on our balance sheet and no debt, SharpLink’s in a strong position to keep generating value for stockholders,” the company said.
SharpLink Holds Almost 839,000 ETH
Ether’s surge to $4,700 on Tuesday, up from $4,500 the previous day, accelerated SharpLink’s gains. The company noted that ETH concentration per share has nearly doubled since June, boosting shareholder value potential.
“This is the power of a productive and yield-bearing asset like ETH,” SharpLink stated.
The company’s steady purchases began with 176,300 ETH, expanding through buying waves in July and August. Since September, SharpLink’s balance has stayed near 839,000 ETH, with price increases driving valuation growth.
Treasury Firms and ETFs Now Hold Over 10% of ETH’s Supply
Other Ether-focused treasury firms have also been accumulating ETH, pushing total corporate holdings to over 5.6 million ETH worth $26.5 billion.
BitMine Immersion Tech leads with 2.83 million ETH ($13.25 billion), followed by SharpLink and The Ether Machine, which holds around 500,000 ETH ($2.32 billion).
Exchange-traded funds (ETFs) collectively hold 6.83 million ETH ($32 billion), or roughly 5.63% of total supply.
Altogether, treasury companies and ETFs control 12.49 million ETH worth $58 billion—over 10.3% of the total supply—solidifying Ether’s position as the second-largest crypto treasury asset after Bitcoin, with Solana ranking third.
