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SharpLink Records 567 ETH in Staked Ether Reward Since Launching ETH Treasury Strategy

SharpLink still has $96.6 million from its raised cash which it intends to invest into ETH.

ethereum Sharplink The Ether Machine BitMine

SharpLink Gaming, Inc., a prominent corporate holder of Ether (ETH), has announced a significant milestone in its ETH treasury strategy. The company noted in a press release that it has generated 567 ETH (worth $2.095 million) in staking rewards since launching its digital treasury strategy on June 2, 2025. This achievement highlights SharpLink’s dedication to utilizing Ethereum’s staking mechanism to generate value for its shareholders.

SharpLink earned 567 ETH staking rewards by locking up its Ethereum holdings to validate transactions and secure the network. As a validator, the company received rewards for its contributions, which generated passive income while showcasing its commitment to the Ethereum ecosystem. It also enabled the company to secure the layer-1 network.

The firm has utilized its At-The-Market (ATM) facility to raise capital, with $96.6 million in net proceeds yet to be deployed for the purchase of ETH.  The company now holds 360,807 ETH, valued at $1.3 billion. This represents a 29% surge from the previous week. The firm’s strategy is well-positioned to capitalize on the growing demand for Ethereum, setting a precedent for other companies to follow.

Emphasizing the company’s focus on long-term growth objectives, SharpLink’s chairman and co-founder of Ethereum, Joseph Lubin, said:

“We continue to strategically leverage our ATM facility to build our ETH treasury in pursuit of our long-term growth objectives.”

The recent signing of the GENIUS Act into law by President Trump has provided regulatory clarity for digital assets and smart contract protocols in the United States. SharpLink applauds this development. It also highlighted the firm’s belief that the recent development in the U.S. will foster a more supportive environment for operation and growth.

Varying Crypto Treasury Strategies

Ethereum and Solana utilize proof-of-stake (PoS) consensus mechanisms, enabling validators to earn rewards. Validators receive new tokens for participating in validation, creating opportunities for treasury strategies centered on staking rewards.

Bitcoin, on the other hand, operates on a proof-of-work (PoW) consensus mechanism, lacking a native staking mechanism. Consequently, BTC treasury strategies prioritize alternative benefits, including potential value appreciation, utilizing BTC as a store of value or hedge, and generating revenue through lending or other financial services.

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Mishael Nwani

Mishael Nwani is an avid crypto enthusiast with over four years of experience in the industry. Since 2022, he has covered topics across cryptocurrencies, NFTs, artificial intelligence, cybersecurity, and financial markets.