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SharpLink Gaming said it plans to differentiate itself from other Ethereum treasury firms by prioritising long-term stability over rapid accumulation.
The company has positioned itself as the second-largest Ethereum treasury, holding roughly 865,797 ETH valued at more than $2.6 billion.
SharpLink has not made a major Ethereum purchase since October, citing a shareholder-focused approach to capital allocation.
Chief executive Joseph Chalom said the firm will only add ETH when it is accretive to shareholders and when its multiple to net asset value is above one.
“We’re not going to be the people who are prioritising accumulation over everything. We’re not distracted by unfocused investments and we’re focused on being a disciplined digital asset treasury aligned with long-term investors,”
Joseph Chalom said.
SharpLink has fallen behind rival BitMine Immersion Technologies in total ETH holdings as competitors pursue more aggressive accumulation strategies.
Shares in SharpLink have declined more than 60% over the past six months, though the firm said institutional ownership is rising.
The company recently staked $170 million worth of ETH on the Ethereum layer-2 network Linea to generate higher yields.
SharpLink said the move reflects its goal of pioneering productive use of Ethereum among digital asset treasuries.
The firm ultimately aims to hold 5% of Ethereum’s circulating supply while maintaining a focus on investor alignment.
At the time of reporting, Ethereum price was $2,920.84.