Institutional holders of Sharplink’s SBET stocks increased, while Sharplink’s Ethereum holdings have increased to approximately 850K ETH (worth about US$1.68 billion). By holding SBET stocks, investors are exposed to more than just ETH risk alone.
Institutions hold 46% of SBET stocks
Institutional investor holdings of SBET stocks increased to 46% even as Sharplink keeps accumulating Ethereum through hell and high water. As of February 15, 2026, the firm now holds 867,798 ETH, which is worth about $1.68 billion.
Analyst Lavneet Bansal stated that Sharplink is positioning itself as a ‘productive’ Ethereum vehicle by staking nearly all of its holdings and emphasizing institutional ownership. But structurally, it’s still a public company wrapped around a single volatile asset.
Investors aren’t just taking ETH risk; they’re taking equity market risk, management execution risk, and the risk that the stock drifts away from NAV.
Moreover, he stated that staking yield doesn’t eliminate drawdowns; it only marginally offsets them. In a prolonged downturn, the corporate wrapper adds complexity without fundamentally reducing exposure, which raises serious questions about how durable this model really is.
Currently, Sharplink’s 867K ETH includes 587,232 ETH native coins, 225,429 ETH supposedly redeemed from liquid staking ETH, and 55,137 ETH supposedly redeemed from wrapped ETH.
The company indicated that it had generated 13,615 ETH in staking rewards since June 2025, with nearly 100% of its assets in staking.
Ethereum loses $2,000 support level
Meanwhile, Ethereum lost a major price support level. With the coin reaching just above $2,000, a psychological level, traders started to take profits. As the selling pressure increased, the coin slid below this level.
However, technically the coin is still in bullish territory. As shown in the chart above, ETH is trading inside a symmetrical triangle, which is a bullish pattern. As the apex of the triangle forms, ETH will break out and once again recover the $2,000 level from its current price of $1,957.
