Sharplink Announces Record 46% Institutional Ownership, Brand Refresh and Expansion of Leadership Team

Rhea-AI Summary

Sharplink (Nasdaq: SBET) reported a record 46% institutional ownership as of Dec 31, 2025 and disclosed 867,798 ETH held (valued at ~$1.72B) as of Feb 15, 2026. The company said it added ~60 institutional investors in Q4 and generated 13,615 ETH in staking rewards since June 2025, all accruing to stockholders.

Sharplink unveiled a brand refresh with a redesigned website and the tagline "Ethereum with an Edge", and appointed Steven Ehrlich as Head of Research and Communications.

Positive

• Institutional ownership reached 46% as of Dec 31, 2025
• ETH treasury of 867,798 ETH (~$1.72B) as of Feb 15, 2026
• Staking rewards of 13,615 ETH generated since June 2025
• Added approximately 60 new institutional investors in Q4 2025
• Appointed Steven Ehrlich as Head of Research and Communications

Negative

• None.

News Market Reaction – SBET

+0.15%

1 alert

+0.15% News Effect

On the day this news was published, SBET gained 0.15%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Institutional ownership: 46% New institutional investors: 60 Total ETH holdings: 867,798 ETH +5 more

8 metrics

Institutional ownership 46% As of December 31, 2025 per latest Form 13F

New institutional investors 60 Added during Q4 2025

Total ETH holdings 867,798 ETH As of February 15, 2026

ETH holdings value $1.72 billion Value of 867,798 ETH as of February 15, 2026

Staking rewards 13,615 ETH Rewards generated since June 2025

Native ETH holdings 587,232 ETH Component of total ETH holdings

LsETH-equivalent ETH 225,429 ETH As-if redeemed from LsETH

WeETH-equivalent ETH 55,137 ETH As-if redeemed from WeETH

Market Reality Check

Price: $6.72 Vol: Volume 6,953,582 vs 20-da...

normal vol

$6.72 Last Close

Volume Volume 6,953,582 vs 20-day average 7,780,951 (relative volume 0.89), not showing unusual activity ahead of this update. normal

Technical SBET at $6.60 is trading below its $15.48 200-day MA and sits 94.68% below its 52-week high, though still 192.55% above its 52-week low.

Peers on Argus

SBET slipped 0.9% while peers were mixed: RSI -10.58%, LNW -4.2%, CHDN +2.29%, D...

SBET slipped 0.9% while peers were mixed: RSI -10.58%, LNW -4.2%, CHDN +2.29%, DKNG +0.52%, SGHC 0%. Moves do not show a unified sector direction, suggesting this is more company-specific than a broad gambling/software rotation.

Historical Context

5 past events · Latest: 2026-02-03 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
2026-02-03	Corporate name change	Neutral	-1.7%	Rebranding to Sharplink, Inc. with no change to operations or governance.
2025-12-17	CEO transition	Positive	-4.5%	Appointment of Joseph Chalom as sole CEO with ETH treasury progress update.
2025-11-12	Q3 2025 results	Positive	+0.1%	Profitable Q3 driven by ETH treasury with large crypto asset base.
2025-11-06	Earnings call notice	Neutral	-7.9%	Scheduling Q3 2025 results call and webcast logistics announcement.
2025-10-28	ETH deployment plan	Positive	-4.0%	Plan to deploy $200M of ETH on Linea via ether.fi and EigenCloud.

Pattern Detected

Positive ETH-treasury and strategic updates have often met with flat or negative next-day moves, indicating limited immediate price follow-through on ostensibly favorable news.

Recent Company History

Over the last few months, Sharplink repositioned around its Ethereum treasury strategy, including a corporate name change to Sharplink, Inc. on Feb 3, 2026 and a CEO transition in Dec 2025 alongside strong ETH metrics. Q3 2025 results showed sharp revenue and profit growth from ETH activities and large crypto holdings. Today’s announcement of 46% institutional ownership, expanded leadership, and a refreshed brand fits this ongoing pivot toward an institutional-grade Ethereum vehicle theme.

Market Pulse Summary

This announcement underscores Sharplink’s evolution into an institutional-focused Ethereum vehicle, ...

Analysis

This announcement underscores Sharplink’s evolution into an institutional-focused Ethereum vehicle, with institutional ownership reaching 46%, ETH holdings of 867,798 ETH valued at $1.72 billion, and 13,615 ETH earned in staking rewards since June 2025. The brand refresh and addition of a Head of Research and Communications build on prior ETH-treasury milestones. Investors may watch future updates on ETH-per-share, staking productivity, regulatory changes around staking, and further institutional investor disclosures.

Key Terms

ether, eth, ethereum, digital asset treasury, +1 more

5 terms

ether technical

"one of the world’s largest corporate holders of Ether (“ETH”)"

Ether is the native digital token used to power and pay for operations on the Ethereum blockchain, functioning like fuel that lets programs run and transactions be recorded. Investors watch ether because its price reflects demand for the Ethereum network (similar to how gasoline demand reflects driving activity): changes can signal broader interest in decentralized finance, smart contracts and crypto markets, and affect valuations of related investments.

eth technical

"holders of Ether (“ETH”) and prominent industry advocate of Ethereum adoption"

ETH is the native digital currency of the Ethereum blockchain, used to pay for transactions and to run programs on that network. For investors it matters because owning ETH is both a way to access and use the platform (like buying fuel to run an app) and a speculative asset whose price reflects demand for the network, changes to its supply rules, and broader crypto market sentiment.

ethereum technical

"advocate of Ethereum adoption, today announced record level institutional ownership"

Ethereum is a digital money system and computing platform built on a shared online ledger called a blockchain; its native token, ether (ETH), is used to pay for transactions and run automated contracts. Investors care because ether acts like a tradeable asset whose price can move sharply, and the platform’s usage, upgrades, and rules affect supply, demand and potential returns—think of it as both a new kind of commodity and the fuel for a global app store.

digital asset treasury financial

"among all Ethereum-focused digital asset treasury (“DAT”) companies"

A digital asset treasury is a collection of digital items like cryptocurrencies or tokens that a company or organization owns and manages. It’s important because it helps them store, protect, and use these digital assets for business needs, investments, or future growth, much like a cash reserve but in digital form.

staking technical

"Sharplink stakes nearly 100% of its ETH holdings and has staked our holdings"

Staking is the practice of locking up digital tokens to help run a blockchain network in return for rewards, similar to leaving money in a time deposit that pays interest while it’s unavailable. It matters to investors because staking can generate regular income and affect a token’s circulating supply and price, but it also ties up assets and can carry risks like lock-up periods, reduced liquidity, or technical and platform failures.

AI-generated analysis. Not financial advice.

MIAMI, FL, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Sharplink, Inc. (Nasdaq: SBET) (“Sharplink” or the “Company”), one of the world’s largest corporate holders of Ether (“ETH”) and prominent industry advocate of Ethereum adoption, today announced record level institutional ownership of its common stock.

According to the latest available Form 13F filings, institutional ownership of Sharplink’s common stock has grown to 46% as of December 31, 2025. The Company’s institutional investor base is now one of the largest among all Ethereum-focused digital asset treasury (“DAT”) companies.

Joseph Chalom, CEO of Sharplink, stated, “This record level of institutional ownership confirms that sophisticated investors want disciplined execution and institutional-grade risk management. Many of these investors are choosing Sharplink because of our focus on productivity — Sharplink stakes nearly 100% of its ETH holdings and has staked our holdings since the beginning. Even during volatile markets, we continue growing our ETH concentration per share. No matter the price of the underlying asset, institutions know they can trust us to keep generating long-term value for our stockholders.”

During the fourth quarter, Sharplink added approximately 60 new institutional investors. As of February 15, 2026, the Company held 867,798⁽¹⁾ ETH, valued at approximately $1.72 billion. Since June 2025, Sharplink has generated 13,615⁽²⁾ ETH in staking rewards, all of which have accrued to stockholders.

⁽¹⁾ Total ETH holdings are comprised of 587,232 native ETH, 225,429 ETH as-if redeemed from LsETH and 55,137 ETH as-if redeemed from WeETH.

⁽²⁾ Total staking rewards are comprised of 4,560 native staking rewards, 8,906 as-if redeemed LsETH staking rewards and 149 as-if redeemed WeETH staking rewards.

Rebrand Reflects Next Phase of Growth

Sharplink also announced a comprehensive brand refresh, including a redesigned website – found at www.sharplink.com – featuring an updated investor relations page, Ethereum opportunity page, treasury dashboard and more. The Company’s new tagline, “Ethereum with an Edge,” reflects its commitment to yield productivity, operational rigor and institutional-grade execution, while staying exclusively focused on growing the Ethereum ecosystem.

“This evolution reflects alignment between Sharplink’s brand and our mission to be the most productive and durable Ethereum vehicle available to investors,” noted Mandy Campbell, Chief Marketing Officer of Sharplink. “Sharplink has and will remain focused on transparency, measurable results and Ethereum advocacy. Our brand now reflects that focus and alignment with both our institutional and retail investors.”

Leadership Expansion

Sharplink also announced the appointment of veteran cryptocurrency journalist Steven Ehrlich as Head of Research and Communications. Ehrlich previously led digital asset coverage at Forbes as Senior Editor and Director of Research, Digital Assets. Most recently, he served as Executive Editor of Unchained and hosts the weekly crypto and macro podcast, Bits + Bips: The Interview.

In this role, Ehrlich is charged with enhancing the Company’s engagement with both retail and institutional audiences to amplify Sharplink’s mission to provide investors smarter access to the long term Ethereum opportunity.

About Sharplink, Inc.

Sharplink is a leading institutional-grade Ethereum treasury platform designed to give public market investors smarter, more productive exposure to ETH. Ethereum underpins the majority of global stablecoin, tokenized real-world assets and decentralized finance settlement, making ETH a unique native yield generation and long-term network growth opportunity. In addition to its Ethereum treasury platform, Sharplink operates an online affiliate marketing business. Sharplink was founded in 2019 and is headquartered in Miami, Florida. Learn more at www.sharplink.com.

Forward-Looking Statement

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and these forward-looking statements are subject to various risks and uncertainties. Such statements include, but are not limited to, goals and expectations regarding the Company’s strategy and potential partnerships, and other statements accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words, but the absence of these words does not mean that a statement is not forward-looking. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to repurchase additional shares of Sharplink’s common stock through its stock repurchase program, potential use of the Company’s ATM facility, the Company’s ability to achieve profitable operations, fluctuations in the market price of ETH that will impact the Company’s accounting and financial reporting (see accounting rules discussed below), government regulation of cryptocurrencies and online betting, changes in securities laws or regulations, customer acceptance of new products and services, the demand for its products and its customers’ economic condition, the impact of competitive products and pricing, the lengthy sales cycle, proprietary rights of the Company, changes in applicable laws or regulations, and its competitors, general economic conditions and other risk factors detailed in the Company’s annual report and other filings with the SEC. Under U.S. generally accepted accounting principles, entities are generally required to measure certain crypto assets at fair value, with changes reflected in net income each reporting period. Changes in the fair value of crypto assets could result in significant fluctuations to the balance sheet and income statement results. Additionally, for other certain types of crypto assets, the Company uses the historical costs less impairment model. This model may require the Company to record an associated impairment charge reflected in net income as a result of a decrease in the market price of the crypto assets below the cost value at which the Company’s crypto assets are carried on its balance sheet. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company does not undertake any responsibility to update the forward-looking statements in this press release.

CONTACT:

Sharplink’s Investor Relations Contact:
Sean Mansouri, CFA or Aaron D’Souza | Elevate IR
Phone: (720) 330-2829
Email: ir@sharplink.com

Sharplink’s Media Contact:
Email: media@sharplink.com

FAQ

How much institutional ownership does Sharplink (SBET) report as of December 31, 2025?

Sharplink reports 46% institutional ownership as of December 31, 2025. According to the company, this reflects growth in its institutional investor base and signals heightened institutional interest in its Ethereum-focused treasury strategy.

How many ETH and what valuation does Sharplink (SBET) hold as of February 15, 2026?

As of February 15, 2026, Sharplink held 867,798 ETH, valued at approximately $1.72 billion. According to the company, this total includes native ETH and as-if redeemed balances from LsETH and WeETH.

What staking rewards has Sharplink (SBET) generated since June 2025 and who benefits?

Sharplink generated 13,615 ETH in staking rewards since June 2025, which the company says have all accrued to stockholders. The rewards comprise native staking and as-if redeemed LsETH and WeETH amounts.

What changes are included in Sharplink's (SBET) brand refresh and new tagline?

Sharplink launched a comprehensive brand refresh including a redesigned website, updated investor pages and a treasury dashboard. According to the company, the new tagline is "Ethereum with an Edge" to reflect institutional focus.

How many institutional investors did Sharplink (SBET) add in Q4 2025?

Sharplink added approximately 60 new institutional investors during the fourth quarter of 2025. According to the company, these additions contributed to the record institutional ownership level reported.

Who is Sharplink's (SBET) new Head of Research and Communications and what is their role?

Sharplink appointed veteran journalist Steven Ehrlich as Head of Research and Communications. According to the company, he will enhance engagement with retail and institutional audiences to amplify Sharplink's Ethereum-focused mission.