SharpLink’s $100 Million Ethereum Staking Windfall Ignites Institutional Treasury Shift

SharpLink generated 459 ETH in staking rewards last week, pushing its total cumulative yields to 6,575 ETH since launching its Ethereum treasury strategy in June 2025.
The Nasdaq-listed firm now holds 859,853 ETH, valued at approximately $2.9 billion, marking one of the largest institutional commitments to yield-bearing digital assets.
Ethereum Staking Turns Corporate Treasury Into a Profit Engine
SharpLink’s Ethereum staking engine is generating yields that could redefine what it means to hold crypto on a corporate balance sheet. According to company data, the firm earned 459 ETH ($1.5 million) in staking rewards last week. This brings its total to 6,575 ETH since launching its staking strategy in June 2025.
NEW: SharpLink generated 459 $ETH from staking rewards last week.
That brings our total cumulative staking rewards to 6,575 $ETH since launching the strategy on June 2, 2025.
Our $ETH is still 100% staked in an institutional-grade manner and keeps compounding value for the… pic.twitter.com/p3wKonGktp
— SharpLink (SBET) (@SharpLink) November 4, 2025
The results sparked a wave of commentary across the crypto and TradFi sectors. Many argue this proves Ethereum, not Bitcoin, may be the superior treasury asset. Ethereum’s edge lies in its yield-bearing, productive reserve, which compounds value over time.
“This is actually insane. SharpLink generated $1.5M in staking revenue just last week. That’s $83.5M annualized. However, it compounds over time, and the price of ETH will likely go up too. So this is a $100M+ revenue stream — and this started only 5 months ago,” Milk Road co-owner Kyle Reidhead remarked in a Friday post.
He added that the yield is entirely unlevered, giving SharpLink room to “build and grow during good or bad moments in the market.” According to the Milk Road executive, this is why ETH is a better treasury asset than BTC.
Reidhead’s post has since become a benchmark example for the “productive ETH” thesis. This is where institutions earn a consistent real yield from staking, rather than relying on speculative appreciation.
Joseph Young, a popular user on X, echoed the sentiment. He noted that SharpLink’s treasury currently holds 859,853 ETH, valued at approximately $2.9 billion.
“It’s now clear to me that SharpLink, Bitmine, and others will aggressively accumulate ETH continuously,” Young said. “Staked rewards massively increase ROI, especially with price appreciation. Expect more institutions to follow suit down the line,” wrote Young.
The comments highlight a broader institutional shift toward ETH as a yield-bearing asset on the balance sheet. It follows moves by JPMorgan to accept BTC and ETH as collateral, as well as the SEC’s approval of ETH staking ETFs earlier this year.
Ethereum co-founder Joseph Lubin also weighed in, praising SharpLink’s approach and its leadership team, led by Matt Sheffield.
SharpLink has been steadily building a world class team for the long haul. And yes, for the near term as well.
Matt @sheffieldreport is one of the sharpest minds at the intersection of DeFi and TradFi and he is surrounded on the team by equally gifted De/Trad Fi specialists.… https://t.co/Bv56DSXrQL
— Joseph Lubin (@ethereumJoseph) November 6, 2025
Lubin’s comments came amid renewed optimism that a DeFi-TradFi convergence is underway, fueled by easing macro headwinds and liquidity returning to risk markets.
Active ETH Management on the Chain
Elsewhere, data from Lookonchain shows that a wallet linked to SharpLink redeemed 5,284 ETH, valued at approximately $17.5 million, and deposited 4,364 ETHworth $14.4 million into the OKX exchange.
A wallet linked to SharpLink Gaming redeemed 5,284 $ETH($17.52M) and deposited 4,364 $ETH ($14.47M) into #OKX 4 hours ago.https://t.co/aEOMGzxxOM pic.twitter.com/ljO14bxj7f
— Lookonchain (@lookonchain) November 7, 2025
While this may indicate plans to sell, it also points to active liquidity management rather than a passive staking approach.
“SharpLink’s move proves staking isn’t just DeFi yield, it’s financial infrastructure. Compounding rewards translate to real shareholder value when held natively. ETH’s productive nature gives it a treasury edge over Bitcoin’s static balance sheet utility. Capital efficiency now defines blue chips,” one user commented.
As institutions evaluate their cryptocurrency strategies, SharpLink’s $100 million staking engine suggests that Ethereum can be used as a compounding income asset, a function that extends beyond hedging.
Ethereum’s balance-sheet utility appears to be entering a new phase where staking yield becomes the crypto equivalent of interest income. This is seen with tokenized funds from Fidelity, ETH-backed ETFs, and banks like JPMorgan integrating staking collateral into their frameworks.
Already, the corporate arms race is going beyond who buys the most Bitcoin or Ethereum, with investors now concerned about who earns the most yield.
Saylor telling you how you can get 10% tax-free dividends with $STRC:
“The tax-equivalent yield is 16-20%. It’s like a bank paying you 20% interest. It’s because we’re built on Bitcoin. A Bitcoin treasury company is the most tax-efficient fixed income generator in the world.” pic.twitter.com/uAx8P1DZcO
— Adam Livingston (@AdamBLiv) October 29, 2025
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