Ethereum Treasury Sharplink Reports Growing ETH Holdings, Institutional Investment

Decrypt

by Andrew Hayward

February 19, 2026

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Ethereum Treasury Sharplink Reports Growing ETH Holdings, Institutional Investment

Sharplink, a major player in the Ethereum ecosystem, has reported significant growth in its ETH holdings and institutional investment. As of late 2025, Sharplink holds approximately 867K ETH, valued at $1.68 billion, with 46% of its stock (SBET) owned by institutional investors. The company has rebranded from Sharplink Gaming to focus on its role as a leading Ethereum treasury, emphasizing disciplined management and staking nearly all its holdings for yield. This strategic approach aligns with growing demand from sophisticated investors seeking reliable returns in volatile markets. The shift in Sharplink's strategy reflects broader trends in the crypto space, where treasuries are increasingly prioritizing stability over aggressive accumulation. Despite Ethereum's sharp decline—down over 60% since August 2023—Sharplink remains focused on staking rewards and steady growth, which has helped maintain its position as the second-largest Ethereum treasury, though still trailing BitMine Immersion Technologies. The company’s rebranding to "Ethereum with an edge" underscores its commitment to transparency and measurable results. CEO Joseph Chalom highlighted that Sharplink's disciplined execution and institutional-grade risk management are key attractions for investors navigating uncertain markets. This focus on productivity has resonated with institutions, driving up SBET’s institutional ownership and reinforcing Sharplink's reputation as a reliable long-term investment vehicle. While Ethereum's price drop has led to significant unrealized losses across treasuries—Sharplink alone faces an estimated $1.39 billion loss—its approach of staking nearly all holdings ensures ongoing yield generation regardless of market fluctuations. This strategy positions Sharplink as a standout in the competitive treasury space, particularly as

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Originally published on Decrypt on 2/19/2026