Sharplink's latest disclosure shows that the company added 422 ETH to its staked portfolio in the past week, bringing its total staking rewards to 20,590 ETH. At the time of the announcement, Ethereum had fallen below $2,000, indicating increased staking inflows, but spot buying interest remained insufficient.
Staking rewards increased to 20,590 ETH
The company disclosed that its digital asset treasury rewards continued to grow following the new staking. According to the original text, Sharplink is currently one of the second-largest Ethereum digital asset treasuries.
The article also mentioned that Sharplink's stock price was $5.81, down 6.14% from the previous day. The spot price of ETH was approximately $1,872.12, a 24-hour decrease of 5.51%.
- New staking: 422 ETH
- Cumulative staking rewards: 20,590 ETH
- Sharplink stock price: $5.81
Ethereum staking inflows exceed outflows
On-chain staking data is also rising in tandem. Data shows that as of June 3, Ethereum staking "Entries" reached 3,136,667, while "Exits" were 71,645, indicating that the amount of staking is significantly higher than the amount of staking.
However, active staking did not directly drive up prices. The article cites the Coinbase Premium Gap indicator, stating that US spot demand remains weak, with a value of -2.5, indicating that institutional and spot buying is not strong.
The gap with Bitmine is still significant.
Despite Sharplink's continued expansion of its staking scale, it still lags significantly behind Bitmine. According to the data in the article, Bitmine has staked 4,718,677 ETH, which, at $2,003 per ETH, is worth approximately $9.5 billion.
The two companies also differ more significantly in total holdings. Sharplink holds 868,699 ETH, worth approximately $1.63 billion; Bitmine holds 5,416,901 ETH, worth approximately $11.6 billion.
The article also mentions that both companies are making progress towards inclusion in the Russell index system. Sharplink stated that it is ready to join the Russell 2000 and Russell 3000 indices, while Bitmine indicated that it has made arrangements to include Ethereum in its preliminary list of candidates for the Russell 3000 index.
Additional information:The description of the Russell index in the article comes from the company's statement, and no more complete timetable or review details for index inclusion are available.
