SharpLink Gaming Shifts to an Ethereum-Focused Treasury Model

Author

Droom Droom
November 27, 2025

For a more in-depth look, explore the live dashboard tracking Sharplink gaming’s ongoing accumulation of Ethereum- detailing unit count, cost average, profit & loss, and how the company’s Ethereum holdings relate to its stock and overall valuation at the original source:

SharpLink Gaming, Inc., trading under the ticker SBET, began as a performance marketing and affiliate technology company serving the sports betting and iGaming sectors. Originally designed to connect sports fans with betting platforms through data-driven tools and audience targeting, the company transitioned in mid-2025 to a new strategic direction centered on digital asset management. While it continues to operate its gaming affiliate services to generate supporting revenue, its primary business focus has shifted toward building and managing an Ethereum-based corporate treasury.

SharpLink now operates with an Ethereum-first financial strategy, treating ETH as its core reserve asset for long-term value preservation and yield generation. The company actively accumulates and stakes Ethereum, using a mix of capital raises, operational revenue, and selective acquisitions to expand its digital asset holdings. This treasury pivot aligns with Ethereum’s role in programmable finance, enabling SharpLink to participate directly in staking, network security, and decentralized financial infrastructure.

Headquartered in Minneapolis and listed on Nasdaq, SharpLink combines traditional corporate structure with forward-looking blockchain participation. Leadership under Chairman Joseph Lubin and Co-CEO Joseph Chalom brings together deep expertise in Ethereum development and institutional finance, shaping a corporate model that integrates digital assets into treasury management. By prioritizing Ethereum within its financial and operational strategy, SharpLink positions itself at the forefront of corporate blockchain adoption and decentralized treasury development.