SharpLink Gaming Rockets $900M in Unrealized ETH Profits Since Pivoting to a DAT

The surge in SharpLink’s Ethereum holdings has pushed the treasury agency nearer to the landmark 1 million ETH.

Since launching its ETH treasury technique on June 2nd, 2025, Ethereum treasury agency SharpLink Gaming has seen unrealized earnings exceed $900 million.

Over this era, the corporate’s ETH holdings have doubled, leading to a corresponding enhance within the worth of every share.

Nearing 1 Million ETH Milestone

SharpLink at the moment holds 839,000 ETH on its steadiness sheet and maintains a debt-free place. With this, the corporate is nearing its first main milestone of 1 million ETH.  In a put up on X, the Nasdaq-listed firm said,

“SharpLink’s in a robust place to maintain producing worth for stockholders. That is the facility of a productive and yield-bearing asset like ETH.”

Based in 1995 in Minneapolis, SharpLink constructed its early success by sports activities betting and on-line on line casino advertising, primarily through its affiliate community, PAS.web. For over 30 years, the corporate has helped main operators purchase prospects throughout numerous markets. In mid-2025, SharpLink introduced plans to transition from its conventional enterprise to an Ethereum treasury firm.

The pivot was motivated by each monetary pressures and strategic alternatives. By March 2025, SharpLink had skilled a 24% decline in income and a 110% drop in web revenue margins. On the similar time, the rising demand for crypto publicity amongst conventional traders, boosted by Ethereum and Bitcoin ETFs, supplied a transparent market opening. Ethereum’s efficiency over the previous decade additionally made it a compelling hedge towards inflation.

ETH Treasury Powerhouse

Whereas SharpLink has been actively rising its ETH holdings, BitMine Immersion Applied sciences stays the biggest publicly traded ETH treasury firm. Final week, the agency added 179,251 ETH to its portfolio, which is round $823 million at present costs. This pushed its complete Ethereum steadiness to 2.83 million tokens, value roughly $13 billion.

Past Ethereum, BitMine maintains 192 Bitcoin value round $24 million, a $113 million funding in Eightco Holdings, and $456 million in money. Its ETH was bought at a median of $4,535 per token, under the present worth of $4,625, which gave the corporate a good unrealized acquire. In a press release, BitMine Chairman Tom Lee said,

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“We proceed to consider Ethereum is likely one of the largest macro trades over the subsequent 10-15 years. Wall Avenue and AI shifting onto the blockchain ought to result in a higher transformation of immediately’s monetary system. And the vast majority of that is happening on Ethereum.”