Sharplink, a Nasdaq-listed Ethereum treasury company, reported a significant increase in its Ethereum holdings, reaching 868,699 ETH by the end of 2025. This includes 604,618 native ETH, 208,893 ETH redeemed from lsETH, and 55,188 ETH redeemed from weETH. The company also earned 14,516 ETH in staking rewards, solidifying its position as the second-largest publicly traded company by ETH holdings globally. In addition to its substantial Ethereum reserves, Sharplink holds $28.5 million in cash and $1.9 million in USDC. The company plans to further increase its ETH holdings and expand its staking operations, reflecting its strategic focus on Ethereum-based assets.