SharpLink reports $36M in cumulative ETH staking rewards

Nasdaq-listed company SharpLink (Nasdaq: SBET), which strategically invests in Ethereum, announced on its official X account that it has generated 15,464 ETH in cumulative staking rewards since beginning its strategic accumulation of the asset. This is equivalent to approximately $36 million. The company added that it earned over $1.1 million from staking its ETH holdings last week, highlighting that its ETH continuously generates more ETH, which it described as the unique strength of Ethereum. SharpLink is known to currently hold approximately 863,424 ETH.