Sharplink, Inc. 8-K

What Happened

• On February 19, 2026, Sharplink, Inc. (SBET) filed an 8-K (Regulation FD disclosure and Other Events) and issued a press release reporting institutional ownership, a brand refresh and expanded leadership, and an update on its ETH treasury and staking activities. The press release is attached as Exhibit 99.1 to the filing.
• As of February 15, 2026, Sharplink reported total ETH Holdings of 867,798 ETH, and noted that substantially all ETH holdings were deployed in staking, including via liquid staking (LsETH).

Key Details

• Total ETH Holdings (as of Feb 15, 2026): 867,798 ETH.
  • Native ETH: 587,232 ETH
  • As-if redeemed from LsETH: 225,429 ETH (based on LsETH conversion factor at midnight UTC Feb 15, 2026)
  • As-if redeemed from WeETH: 55,137 ETH (based on WeETH conversion factor at midnight UTC Feb 15, 2026)
• Staking rewards generated since program launch (June 2, 2025): 13,615 ETH total — 4,560 native staking rewards, 8,906 LsETH as-if redeemed rewards, 149 WeETH as-if redeemed rewards.
• Company disclosed institutional ownership percentage and announced a brand refresh and expanded leadership team in the same press release.

Why It Matters

• For investors, the filing provides a clear snapshot of Sharplink’s crypto treasury exposure and the scale of its ETH staking program—important for understanding crypto-asset risk, liquidity profile, and potential future rewards.
• The breakdown between native ETH and ETH represented via liquid staking tokens (LsETH, WeETH) shows how much ETH is actively staked versus held natively, and the “as-if redeemed” figures rely on conversion factors at a specific timestamp (midnight UTC Feb 15, 2026).
• The company also signaled corporate changes (brand and leadership refresh) and disclosed institutional ownership info, which may affect investor perception and governance considerations. The filing notes staking activities may be subject to changing government regulation.