Introduction
In a rapidly evolving cryptocurrency landscape, digital asset treasuries have made a striking entry in 2025, capturing billions in assets, primarily Bitcoin and Ethereum. As we move into 2026, SharpLink Gaming is setting its sights on establishing a unique identity within this competitive space by prioritizing sustainable growth over mere accumulation of cryptocurrency assets.
SharpLink’s Strategy
SharpLink’s CEO Joseph Chalom shared his perspective with Decrypt, emphasizing the firm’s strategy to remain disciplined and focused.
“We won’t be engaging in accumulation without purpose,”
he stated. This approach distinguishes the company from its competitors, particularly the leading Ethereum treasury, BitMine Immersion Technologies, which boasts an impressive 4.2 million ETH valued at over $12.6 billion and has actively made investments, including a notable recent venture into Beast Industries.
Current Holdings and Future Plans
Currently, SharpLink has successfully gathered 865,797 ETH, translating to over $2.6 billion, but it has opted for a conservative approach, refraining from large-scale acquisitions since October. Chalom indicated that they intend to expand their treasury only when it benefits shareholders, specifically when their multiple to net-asset-value (mNAV) surpasses one. This meticulous strategy may have caused SharpLink to lag behind BitMine in terms of ETH accumulation.
Chalom also noted that increasing institutional ownership of SharpLink shares, despite a decline of more than 60% in share value over the past six months, signifies investor confidence in their long-term strategy.
Recent Developments
Earlier this month, SharpLink made a bold move by staking $170 million worth of ETH on the Ethereum layer-2 network, Linea. This strategy is designed to generate higher yields and create added incentives for investors, marking a pioneering step for the firm in how digital asset treasuries can utilize ETH.
Looking Ahead
Looking towards the future, SharpLink aims to align its holdings with shareholder interests, aspiring to achieve a target of holding 5% of the total Ethereum circulating supply. Chalom reiterated his commitment to aligning with investors and maintaining focus on the value per share, rather than just increasing quantities of assets unstrategically. The firm is determined to carve out a place for itself as a “focused, disciplined digital asset treasury” in the evolving market.
