SharpLink SBET received 586 ETH in staking rewards over one week, bringing its total holdings to 890,376 ETH valued at approximately $2.4 billion, according to BitcoinTreasuries.NET. The Nasdaq-listed company is the second-largest ETH holder among publicly listed companies, behind MicroStrategy, which holds over 1 million ETH. SharpLink has pivoted from sports betting marketing to an institutional-grade Ethereum treasury platform, staking nearly 100% of its ETH since June 2, 2025. It has accumulated an estimated 13,000 to 18,000 ETH in rewards since then and reported $12.1 million in staking income during Q1 2026. The company is also expanding into liquid staking through LsETH and Lido, including a recently announced plan to allocate $200 million. CEO Joseph Chalom and Chairman Joseph Lubin, an Ethereum co-founder and Consensys founder, lead the strategy, which aims to pass staking rewards directly to stockholders while adding smart-contract and protocol risks.