Ethereum: Sharplink’s losses cross $1B as ETH falls below $2K
The post Ethereum: Sharplink’s losses cross $1B as ETH falls below $2K appeared on BitcoinEthereumNews.com.
Sharplink is making waves in the market with its latest Ethereum [ETH] bet that one can’t unsee. The company recently reported a major milestone, earning about $28.1 million in staking rewards, equal to 14,516 ETH. By staking almost 100% of its Ethereum treasury, Sharplink is using its holdings to generate yield. Yet, despite this move, data from CoinGecko indicates that Sharplink’s treasury is sitting on roughly $1.39 billion in unrealized losses due to Ethereum’s price decline. Source: CoinGecko The company currently controls about 0.717% of Ethereum’s total supply, and by earning staking rewards daily, it slowly increases its ETH holdings. Sharplink vs. Bitmine The situation becomes more interesting when Sharplink is compared with other large institutional players in the Ethereum market. One of the most notable players is Bitmine Immersion Technologies, which has been aggressively increasing its Ethereum holdings. According to its latest update, the company announced that its treasury had grown to 4.47 million ETH, representing about 3.71% of Ethereum’s circulating supply. When compared with Bitmine, Sharplink’s holdings of about 864,840 ETH appear much smaller. Bitmine currently holds almost four times more Ethereum than Sharplink. However, the two companies are following slightly different strategies. Bitmine is focused on large-scale accumulation and market influence, similar to how a market maker operates. At the same time, it is staking around 68% of its ETH holdings, about 3 million ETH, to generate yield, which currently produces an estimated $172 million in annual staking revenue. Sharplink, on the other hand, staking nearly 100% of its Ethereum treasury to generate rewards, is using the yield to gradually reduce its high average purchase price of $3,588 per ETH. Border market dynamics surrounding Ethereum At the same time, the broader market is showing mixed signals. Despite these large institutional investments, both crypto-related stocks and the Ethereum…
Filed under: News - @ March 4, 2026 11:27 am