SharpLink’s Ethereum Treasury Soars Past $900M, Plans Stock Tokenization and Linea Staking Partnership with ConsenSys

SharpLink Gaming (Nasdaq: SBET) has seen its Ethereum-based treasury swell to more than $900 million in unrealized profits since launching its digital asset strategy in early June, the company announced Monday on X (formerly Twitter).

Over the past four months, SharpLink has doubled its ETH concentration, significantly increasing shareholder value while maintaining a debt-free balance sheet. The firm currently holds approximately 839,000 ETH, underscoring its confidence in Ethereum as both a productive and yield-bearing asset.

“Our strategy demonstrates the power of a treasury anchored in Ethereum,” SharpLink said in its post.

The move marks a broader shift among publicly traded companies adopting digital asset treasury (DAT) strategies to strengthen their balance sheets with crypto exposure.

In a parallel effort to integrate blockchain technology further, SharpLink revealed plans to tokenize its common stock (SBET) directly on the Ethereum blockchain — effectively merging traditional equity with on-chain innovation.

ConsenSys founder and SharpLink chairman Joseph Lubin shared additional insights last week, noting that the two companies will collaborate on Linea, ConsenSys’ Ethereum Layer 2 network. SharpLink intends to stake part of its ETH holdings on Linea, leveraging its infrastructure for improved yield and scalability.

“SharpLink hasn’t made a formal announcement yet,” Lubin said, “but I think there’s a good chance a huge amount of Ether will be staked on Linea, making it one of the most compelling Layer 2 destinations for ETH deployment.”

With no debt, a rapidly growing ETH position, and plans to tokenize and stake at scale, SharpLink is positioning itself at the intersection of corporate finance and decentralized infrastructure — a model that may soon inspire other Nasdaq-listed firms to follow suit.