Sharplink holds $1.68B in ETH

Nasdaq-listed Sharplink, which previously announced plans to strategically reserve Ethereum (ETH), held 867,798 ETH as of Feb. 15, worth approximately $1.68 billion, The Block reported. The company also paid out 13,615 ETH in staking rewards over the past year, according to a report. Joseph Chalom, CEO of Sharplink and former head of digital assets at BlackRock, stated that the company is staking nearly all of its Ethereum holdings and continues to increase its position despite recent market volatility. He added that institutional investors trust Sharplink to generate long-term shareholder value, irrespective of price fluctuations. A recent securities ownership filing (13F) showed that as of Dec. 31, institutional investors held 46% of Sharplink's common stock, with the company attracting around 60 new institutional backers during the fourth quarter.