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A company is drawing attention for setting a new investment standard on Wall Street by managing $2.6 billion in Ethereum (ETH) through a strategy focused strictly on shareholder value, rather than an unconditional asset accumulation race.
According to cryptocurrency media outlet Decrypt on January 25 (local time), SharpLink Gaming has set its 2026 management goal not as simple asset accumulation, but as a leap toward becoming a disciplined and sophisticated digital asset financial management company. SharpLink CEO Joseph Chalom stated in an interview with Decrypt that the company will pursue a differentiated strategy rather than indiscriminately increasing assets. He outlined the principle that additional Ethereum purchases will only occur when contributing shareholder value or when the price-to-book ratio exceeds 1.
SharpLink currently holds 865,797 ETH (approximately $2.6 billion) but has halted additional purchases since last October. This contrasts with rival BitMine Immersion Technologies (BMNR), led by Tom Lee, which secured 4.2 million ETH (approximately $12.6 billion) through aggressive capital raising. BitMine has been on a spending spree, recently investing $200 million in Beast Industries, the company owned by popular YouTuber MrBeast.Shalom, the CEO, firmly drew a line, stating that while he could raise capital daily to buy Ethereum, this would dilute shareholder value. He emphasized that he would not be distracted by aimless investments or become a stagnant zombie company, pledging instead to present a disciplined financial management model attractive to institutional capital and long-term investors. Indeed, while Sharplink’s stock price has fallen over 60% in the past six months, the shareholding ratio of institutional investors has actually increased, proving that the number of forces resonating with the long-term investment logic is growing.
Earlier this month, Sharplink staked $170 million worth of its held Ethereum into Linea, an Ethereum Layer 2 network, to enhance profitability. This move, aimed at generating higher-than-average yields and providing additional incentives to investors, is regarded as a pioneering attempt among digital asset financial management firms.
Both Sharplink and Bitmine share the common goal of ultimately holding 5% of Ethereum’s total circulating supply. However, CEO Shalom pledged investor-friendly growth focused on Ethereum concentration per share rather than blind accumulation, stating shareholder interests would be prioritized throughout the process.
*Disclaimer: This article is for informational purposes only and does not constitute investment advice. The author shall not be held liable for any investment losses incurred based on this content.*