Sharplink, Inc. operates primarily as an Ethereum treasury company, holding a substantial balance of Ether (ETH) to provide public market investors with direct exposure to the digital asset and its staking yields. The company's business model is centered on its ETH Treasury Management segment, which accounted for over 90% of its revenue in 2025. This segment focuses on the accumulation, custody, and active management of ETH, generating revenue by participating in the Ethereum network's staking protocols to earn native and liquid staking rewards. Sharplink also operates a legacy Affiliate Marketing segment, which provides performance-based customer acquisition services for sportsbooks and online casino gaming operators, though this business has been deprioritized following the company's strategic pivot. Headquartered in Miami, Florida, Sharplink has rapidly scaled its ETH holdings through capital raises and staking rewards, positioning itself as a leading corporate holder of Ethereum alongside other major crypto treasury firms.
