The significant rise in Ethereum holdings of SharpLink has brought the company's treasury close to the million ETH threshold.
Since the launch of the ETH treasury strategy on June 2, 2025, SharpLink Gaming's Ethereum treasury has seen unrealized gains exceeding 900 million dollars.
During this period, the company's holdings of ETH have doubled, resulting in a corresponding increase in the value of each share.
Approaching 1 million ETH
SharpLink currently holds 839,000 ETH on its balance sheet and maintains a debt-free position. With this, the company is close to achieving its first major milestone, one million ETH. In a post on X, the Nasdaq-listed company stated:
SharpLink is strongly positioned to continue generating value for shareholders. This is the power of productive, income-generating assets like ETH.
Founded in 1995 in Minneapolis, SharpLink achieved early success through sports betting and online casino marketing, particularly through its PAS.net affiliate network. For over 30 years, the company has helped major telecom companies acquire customers in diverse markets. In mid-2025, SharpLink announced plans to transition from its traditional operations to an Ethereum treasury management company.
This shift was driven by financial pressures and strategic opportunities. By March 2025, SharpLink experienced a 24% drop in revenue and a 110% drop in net profit margins. At the same time, the growing demand for cryptocurrency investment among traditional investors, fueled by Ethereum and Bitcoin ETFs, presented a clear opportunity for the market. Ethereum's performance over the past decade also made it a strong hedge against inflation.
