Sharplink Expands Its Ethereum Treasury With a Fresh 39,319‑ETH Stake Worth $91M
TL;DR
- Sharplink purchased approximately 39,319 additional ETH valued at roughly $91 million in a single transaction.
- The operation raises a treasury that already exceeded 888,938 ETH, positioning the company among the largest corporate ETH holders in the world.
- Staking generated $11.2 million in revenue during the second quarter of 2026, despite a net loss of $394.3 million for the period.
Sharplink Gaming purchased another 39,319 ETH equivalent to approximately $91 million, according to what reported the onchain analytics platform Lookonchain upon recording the transaction. The operation follows the pattern the company has maintained for over a year: systematically accumulating ETH and directing the majority of that position toward staking and liquid staking derivatives rather than holding the asset idle.
The firm pivoted from sports betting marketing toward ETH accumulation in mid-2025, under the leadership of chairman Joseph Lubin, co-founder of Ethereum and chief executive of Consensys. Since then, Sharplink has established itself as the second largest corporate holder of Ethereum worldwide, trailing only Bitmine Immersion.
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