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    SharpLink’s ETH Treasury Approaches $1 Billion in Unrealized Profits

    Ethan CarterBy No Comments3 Mins Read
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    SharpLink Gaming’s Ether holdings have surged in value, as the cryptocurrency rose nearly 4.5% in the last 24 hours, bringing the company’s unrealized gains close to $1 billion.

    On Tuesday, the company announced that its unrealized profit from Ether (ETH) purchases has exceeded $900 million since the initiation of its accumulation strategy on June 2.

    Data from Strategic ETH Reserve indicates that SharpLink holds 838,730 ETH on its balance sheet, valued at approximately $3.93 billion at current prices. This positions the company as one of the largest ETH holders, controlling 0.69% of the total supply.

    “With 839k ETH on our balance sheet and no debt, SharpLink is well-positioned to continue generating value for shareholders,” the company stated in the post.

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    SharpLink Gaming records nearly $950 million in unrealized profit. Source: Strategic ETH Reserve

    SharpLink holds nearly 839,000 ETH

    SharpLink’s gains were boosted by Ether’s recent rise to $4,700 on Tuesday, a nearly 5% increase compared to Monday’s price around $4,500.

    The company added that its ETH concentration per share has nearly doubled since the start of the accumulation program, enhancing potential earnings for shareholders.

    “This demonstrates the power of a productive and yield-bearing asset like ETH,” the company remarked.

    Strategic ETH Reserve data revealed how SharpLink increased its position through steady purchases over the summer. Initial acquisitions included 176,300 ETH, followed by multiple buying waves in July and August.

    Since September, the holdings have stabilized around the 839,000 ETH mark, but the rise in ETH prices has significantly increased the value of its holdings.

    Related: Korean retail capital driving Ether price, treasury demand: Samson Mow

    Ether treasury companies hold over 5% of ETH’s total supply

    Other Ether-centric treasury firms have continued to acquire the cryptocurrency, raising total corporate holdings to over 5.6 million ETH, valued at more than $26.5 billion.

    BitMine Immersion Tech tops the list with 2.83 million ETH ($13.25 billion), accounting for about 2.34% of the total supply.

    Following BitMine and SharpLink, The Ether Machine is the next largest holder, with nearly 500,000 ETH valued at over $2.32 billion.

    Furthermore, Strategic ETH Reserve data showed that ETH contained in exchange-traded funds (ETFs) has climbed to 6.83 million ETH ($32 billion), representing approximately 5.63% of the total supply.

    In total, reserve companies and ETFs hold 12.49 million ETH ($58 billion), exceeding 10.3% of the total supply. Ether remains the second-largest crypto treasury asset globally, following Bitcoin (BTC), which has about 4 million coins ($500 billion) held in corporate treasuries. Solana (SOL) comes in third, with nearly 18 million tokens valued at approximately $4 billion.