Holds 895,117 Ethereum… SharpLink stakes 272.2 billion won

Sharplink, Inc. ($SBET) disclosed holdings of 895,117 ETH as of Nov. 2, of which 603,953 ETH is held in native form and the remainder consists of liquid staking tokens converted into ETH equivalents, including 135,868 ETH from LsETH. The company reported its Q3 results on Nov. 9 and disclosed the holdings in a quarterly filing with the SEC on Nov. 6, showing about 892,708 ETH as of Sept. 30 with a crypto book value of roughly $2.1 billion under U.S. accounting standards. The disclosure matters because it highlights Sharplink's large, staking-heavy ETH treasury and the growing use of liquid staking tokens such as LsETH and weETH in corporate balance sheets. What to watch next is how the book value tracks spot ETH prices and whether Sharplink expands or rebalances its staking positions in coming quarters.