Sharplink Stakes $1.68B in ETH, Earning 13,615 ETH Annually and Increasing Corporate Staking
Nasdaq-listed Sharplink holds roughly 867,798 ETH (≈ $1.68 billion as of Feb 15) and stakes nearly its entire position to earn yield, combining native Ethereum staking rewards with recent restaking deployments. Over the past year the company generated about 13,615 ETH in staking rewards and has been reinvesting those rewards to compound its treasury. Earlier reporting showed Sharplink previously generated sizable multi-month rewards (10,657 ETH over seven months) and added shareholder value through regular staking yield. CEO Joseph Chalom, a former head of digital assets at BlackRock, leads the strategy of holding 100% ETH and keeping it fully staked; assets are custodied with Anchorage Digital Bank. Sharplink has continued to increase its Ethereum exposure amid market volatility and recently deployed additional ETH into Layer-2 restaking opportunities (e.g., Linea) to capture extra incentives. A recent 13F filing indicates about 46% institutional ownership and new institutional backers joining in Q4, underscoring rising institutional confidence. For traders: Sharplink’s large, staked corporate reserve reduces a portion of circulating ETH supply, sets a precedent for corporate staking and restaking strategies, and may affect ETH liquidity and market sentiment. Key figures: ~867,798 ETH holdings, ≈ $1.68B valuation, ~13,615 ETH annual staking rewards, 46% institutional ownership.
Bullish
Sharplink’s actions are likely bullish for ETH price. By staking and effectively locking ~867,798 ETH, the company removes a meaningful quantity from liquid supply, which supports upward price pressure, especially if other corporates follow suit. The firm’s reinvestment of staking rewards compounds treasury holdings, further tightening available supply over time. Deployment into Layer-2 restaking (e.g., Linea) increases yield on held ETH and signals growing institutional use of staking and restaking strategies, which can attract more buy-side interest. Short-term effects may be mixed: announcements of large staked holdings can trigger positive sentiment, but markets may already price such moves in if disclosed gradually; occasional sell-offs could occur if the company liquidates a portion for operations. Long-term, sustained corporate staking reduces sell-side pressure and normalizes yield-seeking institutional demand for ETH versus BTC store-of-value strategies, supporting a constructive macro outlook for ETH. Risks that could offset bullishness include a sudden surge in unstaking (if liquidity is needed), regulatory changes affecting staking, or loss of confidence in restaking protocols — any of which would mute the bullish impact.