Sharplink generates 586 ETH from staking rewards in a single week as holdings near 890K ETH

Sharplink, the NASDAQ-listed company trading under the ticker SBET, pulled in 586 ETH from staking rewards in a single week. That brings its total Ethereum holdings to approximately 890,376 ETH, a figure that cements its position as one of the largest publicly traded Ethereum treasury operations in existence. From sports betting to staking vaults Sharplink’s transformation is one of the more dramatic corporate pivots in recent crypto history. The company abandoned its original sports betting marketing model to become what it calls an “institutional-grade Ethereum treasury platform.” The shift began in earnest on June 2, 2025, when Sharplink started staking nearly 100% of its ETH holdings. Since then, the company has generated somewhere between 13,000 and 18,000 ETH in cumulative staking rewards. CEO Joseph Chalom came from BlackRock, bringing traditional asset management DNA to the operation. Chairman Joseph Lubin, meanwhile, is a co-founder of Ethereum itself and the founder of Consensys, one of the most influential companies in the Ethereum ecosystem. Consensys also backs Sharplink. The numbers behind the pivot Sharplink reported $12.1 million in staking income during Q1 2026, a ...