SharpLink, an Ethereum treasury company, held about 892,708 ETH at the end of the third quarter, valued at approximately $2.1 billion under U.S. GAAP. According to Odaily, its ETH holdings had increased to about 895,117 as of November 2.

On September 28, SharpLink staked $200 million in ETH through the decentralized protocol Lido and received wstETH. The Galaxy SharpLink Onchain Yield Fund began deploying capital in the third quarter with an initial commitment of $125 million. SharpLink contributed $100 million and Galaxy Digital contributed $25 million.

SharpLink also made an equity investment in Blockspace, a company focused on Ethereum validation and staking infrastructure.