Sharplink Gaming (SBET), a Nasdaq-listed Ethereum treasury company, has staked an additional 39,319 ETH valued at approximately $91 million, according to blockchain tracking firm Lookonchain. The transaction, reported on X, brings SharpLink’s Ethereum holdings to 888,938 ETH and reinforces its strategy of holding and staking ETH for potential rewards. Staking supports Ethereum’s proof-of-stake network while exposing the company to smart-contract, slashing, liquidity and market risks. The move highlights growing institutional use of crypto treasury strategies and could affect SharpLink’s financial results and investor sentiment if staking rewards become an additional revenue stream.