Sharplink, Inc. (Nasdaq: SBET), a publicly-traded Ethereum treasury firm, has reported that institutional investors now own 46% of its common shares, marking the highest level of institutional ownership among comparable Ethereum-focused companies. This milestone was reached as of the close of Q4 2025, during which the firm added approximately 60 new institutional investors, according to recent 13F filings with the SEC.
The company's treasury holds 867,798 ETH, valued at roughly $1.72 billion as of February 15, 2026. Sharplink emphasizes a yield-focused strategy, with CEO Joseph Chalom stating the firm keeps nearly 100% of its ETH holdings staked at all times, prioritizing productivity over immediate liquidity. Since June 2025, this staking has generated 13,615 ETH in rewards, which accrue directly to shareholders.
Concurrent with this financial update, Sharplink unveiled a comprehensive brand refresh, shedding its former "Sharplink Gaming" identity to align with its current crypto treasury focus. The new tagline, "Ethereum with an Edge," underscores its commitment to disciplined management and yield generation. The revamped website features a live treasury dashboard and a dedicated Ethereum opportunity page.
The firm also appointed veteran crypto journalist Steven Ehrlich as its new Head of Research and Communications. Ehrlich, formerly of Forbes and Unchained, is tasked with deepening Sharplink's reach across both institutional and retail audiences.
This news comes against a backdrop of a significant downturn in the Ethereum market. ETH is currently trading around $1,939, representing a drop of more than 60% from its peak of $4,946 in August 2025. This decline has resulted in substantial unrealized losses for corporate Ethereum treasuries. Data from DropsTab estimates Sharplink's paper loss at approximately $1.39 billion. Despite this market pressure, Sharplink's stock (SBET) was up about 1% on the day of the announcement, trading at $6.66.
CEO Joseph Chalom framed the institutional ownership milestone as validation of the firm's disciplined approach, contrasting it with competitors who may prioritize aggressive accumulation or unrelated investments. "2026 is really about differentiating ourselves from the pack, and being viewed as the focused, disciplined digital asset treasury," Chalom told Decrypt.
