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I reviewed the SharpLink annual report—this Ethereum treasury company has significantly increased its holdings. Now they have 868,699 ETH, including tokens received from staking in addition to direct ETH.
What’s worth noting is that they earned 14,516 ETH from staking rewards. They also have $28.5 million in cash and $1.9 million in USDC. Viewed this way, the company is taking Ethereum quite seriously.
This strategy of accumulating massive assets on an annual basis is evident. After being listed on NASDAQ, they also expanded their staking activities. It’s interesting to see how these companies view Ethereum as a long-term asset.