Sharplink, Inc.'s SEC filings document its transition into an Ethereum treasury company, its Nasdaq-listed common stock under SBET, and formal disclosures for financial results, ETH holdings, staking activity and related treasury-management arrangements. Current reports include Regulation FD releases, results-of-operations exhibits, material agreement terminations, and other events tied to the company's ETH strategy and affiliate marketing operations.
Proxy and governance filings describe annual meeting voting, director elections, auditor ratification, advisory compensation votes, executive-compensation practices, and board matters. Other 8-K disclosures record the completed corporate name change from SharpLink Gaming, Inc. to Sharplink, Inc., amendments to charter and bylaws, leadership changes, and risk language around staking activities subject to changing regulation and guidance.
Sharplink, Inc. Chief Financial Officer Robert Michael DeLucia reported equity compensation activity in the company’s common stock. On March 31, 2026, he acquired 10,904 shares at no cost upon vesting of restricted stock units granted on March 19, 2025.
On the same date, he sold 2,848 shares at $6.2135 per share to satisfy tax withholding obligations related to this award, as described in the footnotes. Following these transactions, he directly holds 93,098 shares of Sharplink common stock.
Sharplink, Inc. calls a virtual-only 2026 Annual Meeting on April 10, 2026, asking stockholders to elect five directors, ratify KPMG LLP as auditor for 2026, and approve an advisory say‑on‑pay vote for executive compensation. Stockholders of record on March 6, 2026, when 197,161,623 common shares were outstanding, may vote.
The proxy describes Sharplink’s 2025 pivot into institutional‑grade ETH treasury management. The company reports becoming the world’s second‑largest publicly traded holder of ETH, with over 869,000 ETH as of March 2026, and raising about $3.2 billion in 2025 via at‑the‑market equity, registered directs and institutional offerings. Management states it has staked nearly all ETH holdings, enhanced internal controls and reporting, and completed a rebrand with a real‑time ETH and staking dashboard.
Institutional ownership of common stock increased from roughly 6% before the treasury strategy launch to 46% as of December 31, 2025. The proxy also outlines board structure, committee responsibilities, related‑party arrangements with Consensys, a move from Cherry Bekaert to KPMG as auditor, and the company’s clawback, insider trading and governance policies.
Sharplink, Inc. reported full-year 2025 results highlighting a major shift into an Ethereum-focused treasury model. The company raised approximately $3.2 billion in capital and accumulated 868,699 ETH holdings as of March 1, 2026, aiming to compound ETH per share over time.
For 2025, Sharplink generated $28.1 million in revenue, up from $3.7 million in 2024, with Q4 2025 staking revenue of $15.3 million, nearly 50% above Q3’s $10.3 million. The company ended the year with $28.5 million in cash and $1.9 million in USDC.
GAAP results showed a $734.6 million net loss versus $10.1 million net income in 2024, largely from a $616.2 million unrealized loss on ETH and a $140.2 million LsETH impairment, partly offset by $55.2 million in net realized gains. Management emphasized these non-cash charges do not reduce ETH units held and reiterated a 2026 strategy focused on growing ETH per share, generating yield above native staking rates, and expanding Ethereum ecosystem partnerships.
Sharplink, Inc. has transformed its business into a digital asset treasury company centered on Ether (ETH) while continuing a smaller affiliate marketing operation for sportsbooks and online casinos. In June 2025 it adopted ETH as its primary treasury asset and repositioned around ETH treasury management and affiliate marketing as its two reportable segments.
Since launching this strategy, the company reports raising $3.2 billion in new capital and accumulating about 868,699 ETH (including native ETH and staked equivalents) as of early March 2026, making ETH price movements a major driver of its balance sheet and stock value. Sharplink earns ETH-denominated rewards through native and liquid staking and has begun deploying part of its holdings to Ethereum Layer 2 infrastructure such as Linea to seek additional yield.
The filing highlights extensive regulatory, valuation, custody, cybersecurity and concentration risks tied to digital assets, including the possibility ETH or staked ETH could be classified as securities or commodities subject to new rules. The traditional affiliate marketing segment remains competitive and regulated, but management now treats it mainly as a cash-flow business while strategic focus and growth plans center on expanding and actively managing the ETH treasury.
Sharplink, Inc. reported updated details on its Ethereum strategy and recent corporate developments. As of February 15, 2026, the company held 867,798 ETH, valued at approximately $1.72 billion, and has generated 13,615 ETH in staking rewards since launching its ETH treasury strategy in June 2025. Nearly all ETH holdings are deployed in staking, including liquid staking formats.
The company highlighted that institutional investors owned 46% of its common stock as of December 31, 2025, based on recent Form 13F filings. Sharplink also announced a brand refresh with a redesigned website and the tagline “Ethereum with an Edge,” and appointed veteran cryptocurrency journalist Steven Ehrlich as Head of Research and Communications to deepen engagement with retail and institutional audiences.
Sharplink, Inc.’s Chief Financial Officer reported a tax-related share disposition tied to an equity bonus. On February 11, 2026, 22,863 shares of common stock were withheld at a stated price of $0 per share to cover income and employment taxes on a fully vested share bonus.
These shares were retained by the company rather than sold on the market, and the CFO now directly holds 85,042 shares of Sharplink common stock following this transaction.
Sharplink Gaming CEO Joseph Chalom reported a tax‑withholding share disposition related to an equity bonus. On February 11, 2026, 149,065 shares of common stock were withheld at a reported price of $0 to cover income and employment tax obligations on a fully vested share bonus.
These shares were retained by the company rather than sold on the open market. After this withholding transaction, Chalom directly beneficially owned 142,764 shares of Sharplink common stock.
FMR LLC has filed a Schedule 13G reporting a significant passive stake in Sharplink Gaming Inc. As of 12/31/2025, FMR LLC and related entities beneficially owned 17,682,717.84 shares of Sharplink Gaming common stock, representing 9.0% of the class. FMR reports sole voting power over 17,682,680 shares and sole dispositive power over 17,682,717.84 shares, with no shared voting or dispositive power. Abigail P. Johnson is also listed as a reporting person with sole dispositive power over the same 17,682,717.84 shares and no voting power. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Sharplink Gaming.
Sharplink, Inc. has changed its corporate name from “SharpLink Gaming, Inc.” to “Sharplink, Inc.” The amendment to its Certificate of Incorporation was filed on February 2, 2026 and became effective at 8:00 a.m. Eastern Standard Time on February 3, 2026.
The company also adopted Second Amended and Restated Bylaws on February 3, 2026 solely to reflect the new name. The board approved the change under Delaware law, stockholder approval was not required, and stockholder rights are unchanged. The company’s common stock will continue trading on Nasdaq under the ticker “SBET” with the same CUSIP number.