Sharplink Inc (SBET)

Ethlabs, Founded by Former Ethereum Foundation Contributors and Funded by Bitmine, Sharplink and Joe Lubin, Launches to Accelerate Ethereum's Institutional SupercycleJune 22, 2026 2:43 PM
PR Newswire (US) New nonprofit research and development lab brings together a group of senior technical contributors from the Ethereum Foundation to ready the network for step-function wave of adoption from institutions, agentic finance and DeFiEthlabs to reinforce foundational commitments to credible neutrality, censorship resistance and securityNEW YORK, June 22, 2026 /PRNewswire/ -- A coordinated group of Ethereum ecosystem stewards today announced the launch of Ethlabs, an independent, nonprofit research and development organization formed to ready Ethereum for the next phase of institutional adoption. The funding effort is led by Bitmine Immersion Technologies, Inc. (NYSE: BMNR), Sharplink, Inc. (NASDAQ: SBET), Ethereum co-founder Joe Lubin and other key Ethereum ecosystem contributors including Anchorage, Octant and SNZ. As stablecoins, tokenized real-world assets, funds and autonomous AI commerce move onchain, they are converging on Ethereum as the neutral, credibly permissionless settlement layer for the global economy. Ethlabs exists to ensure the network is ready to absorb that demand at scale, advancing a faster Ethereum with trustworthy interoperability, so institutions building on Ethereum can do so with the neutrality, resilience, privacy and security they require.Cofounded by five former senior Ethereum Foundation researchers: Ansgar Dietrichs, Barnabé Monnot, Caspar Schwarz-Schilling, Josh Rudolf and Julian Ma, Ethlabs brings together researchers responsible for key contributions to finality, scaling, data availability, the virtual machine and protocol economics — the technologists who have guided the network through its most consequential upgrades over the past decade. This initiative gives that work a dedicated institutional home with stable, long-term funding.The launch reflects a natural evolution of the Ethereum ecosystem. As the Ethereum Foundation refocuses on its core mandate and embraces a multi-node future, Ethlabs emerges as one of several independent organizations advancing the network in parallel. Ethlabs' early work will center on what institutions need to move onchain at scale: faster settlement, native issuance and cross-chain movement on robust infrastructure, capacity on mainnet and research that grounds ETH's monetary properties.Thomas "Tom" Lee, Chairman of Bitmine. "We believe Ethereum is positioned to grow significantly in adoption by institutions and by AI agents. And naturally, the ecosystem needs to dramatically expand its investment in talent and research to support this growth. The formation of Ethlabs demonstrates that key stakeholders are stepping up to help ensure Ethereum remains a leading platform for decentralized finance. We believe positive momentum is building in the digital asset ecosystem, and initiatives like this strengthen the foundation of the ecosystem as the community works together to advance Ethereum's next chapter. As a significant institutional participant in the Ethereum ecosystem, Bitmine is excited to help serve as a steward of Ethereum's long-term growth and support the dedicated builders, researchers and innovators who are helping shape its future."Joseph Chalom, Chief Executive Officer of Sharplink. "We are at the beginning of an institutional supercycle on Ethereum, and the researchers behind this organization are the people who will make the network ready to carry it. They have quietly shaped Ethereum for the better part of a decade, and giving their work a stable, independent home is one of the most meaningful contributions we can make to the ecosystem. We hold ETH because we believe in what this network is becoming, and supporting the people advancing it at the protocol level is the clearest way we know to back that conviction. This is what responsible stewardship looks like: using our position to drive the next wave of institutional adoption and to strengthen the foundation the entire onchain economy will be built on. Sharplink is proud to help bring Ethlabs to life, alongside our ecosystem partners."Joe Lubin, Ethereum co-founder and founder and Chief Executive Officer of Consensys. "Ethereum is entering its next stage of evolution. We are now poised to recognize and implement the idea that there should be a number of steward nodes of Ethereum, each configured in their unique way to evolve and protect what is sacred about the network and massively grow the world's appreciation and utilization of it. With support from the Sharplink, Bitmine and many others, Ethlabs is the latest group of EF origin that is externalizing to become a major node of the network of "Responsible Institutions and Stewards of Ethereum". By providing a long-term, independent home to researchers and developers advancing Ethereum's core technology and values, Ethlabs will be instrumental in preparing the network for the next major wave of adoption, from institutional finance to agentic commerce, with the scale, security, interoperability and resilience that global institutions require. Today and going forward the Ethereum ecosystem will be further decentralized, enormously stronger with each steward more focused and empowered."Ansgar Dietrichs, Executive Director of Ethlabs. "Ethereum is at a pivotal moment. A decade of uninterrupted operation and a track record of credible neutrality have earned it the trust of users and institutions around the world. As blockchain systems move rapidly into mainstream use, the coming years will define the shape of the onchain economy for decades. Ethereum is uniquely positioned to become the shared base layer of that economy, the neutral foundation the broader onchain ecosystem is built on, where users, institutions, and agents can transact and interoperate without intermediation. Ethlabs was created to help Ethereum realize that potential. As longtime contributors to the core protocol, we are establishing an independent non-profit organization to advance Ethereum's core technology and the shared standards and infrastructure builders depend on, and we are excited to carry forward that work at the moment it matters most."The funding effort has been organized to preserve Ethlabs independence at every level. Contributions flow through an independent grants administrator that handles screening, valuation and disbursement. Funders provide accountability through transparent quarterly reporting and an independent annual audit, rather than influence over the research agenda. Final decisions on research priorities and technical direction will rest with Ethlabs leadership.About Bitmine
Bitmine (NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of "the alchemy of 5%," the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company launched MAVAN (Made-in America Validator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.About Sharplink
Sharplink (NASDAQ: SBET) is a leading institutional-grade Ethereum treasury platform designed to give public market investors smarter, more productive exposure to ETH. Ethereum underpins the majority of global stablecoin, tokenized real-world assets and decentralized finance settlement, making ETH a unique native yield generation and long-term network growth opportunity. Sharplink was founded in 2019 and is headquartered in Miami, Florida. Learn more at www.sharplink.com.About Ethlabs
Ethlabs is an independent, nonprofit research and development lab and ecosystem steward focused on the next era of growth for Ethereum and ETH. It exists to turn Ethereum's unique properties into infrastructure, standards, and outcomes that users, builders, institutions, and asset issuers can rely on. All of its research is published openly. Learn more at ethlabs.org.Forward-Looking StatementThis press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding anticipated institutional interest in Ethereum, research focus and technical roadmaps, governance arrangements, grants administration and oversight mechanisms, and treasury and digital-asset strategies. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially, including market conditions for digital assets, regulatory changes, protocol-level developments or setbacks, the timing and success of research efforts, funding availability, and general economic conditions. Additional risk factors are described in Sharplink's and Bitmine's SEC filings at www.sec.gov. Forward-looking statements speak only as of the date of this release, are not guarantees, and neither Sharplink nor Bitmine undertakes any obligation to update them except as required by law. This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security or digital asset. View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/ethlabs-founded-by-former-ethereum-foundation-contributors-and-funded-by-bitmine-sharplink-and-joe-lubin-launches-to-accelerate-ethereums-institutional-supercycle-302806740.html Original: Ethlabs, Founded by Former Ethereum Foundation Contributors and Funded by Bitmine, Sharplink and Joe Lubin, Launches to Accelerate Ethereum's Institutional Supercycle

Ethlabs, Founded by Former Ethereum Foundation Contributors and Funded by Bitmine, Sharplink and Joe Lubin, Launches to Accelerate Ethereum's Institutional SupercycleJune 22, 2026 2:03 PM
PR Newswire (US) New nonprofit research and development lab brings together a group of senior technical contributors from the Ethereum Foundation to ready the network for step-function wave of adoption from institutions, agentic finance and DeFiEthlabs to reinforce foundational commitments to credible neutrality, censorship resistance and securityNEW YORK, June 22, 2026 /PRNewswire/ -- A coordinated group of Ethereum ecosystem stewards today announced the launch of Ethlabs, an independent, nonprofit research and development organization formed to ready Ethereum for the next phase of institutional adoption. The funding effort is led by Bitmine Immersion Technologies, Inc. (NYSE: BMNR), Sharplink, Inc. (NASDAQ: SBET), Ethereum co-founder Joe Lubin and other key Ethereum ecosystem contributors including Anchorage, Octant and SNZ. As stablecoins, tokenized real-world assets, funds and autonomous AI commerce move onchain, they are converging on Ethereum as the neutral, credibly permissionless settlement layer for the global economy. Ethlabs exists to ensure the network is ready to absorb that demand at scale, advancing a faster Ethereum with trustworthy interoperability, so institutions building on Ethereum can do so with the neutrality, resilience, privacy and security they require.Cofounded by five former senior Ethereum Foundation researchers: Ansgar Dietrichs, Barnabé Monnot, Caspar Schwarz-Schilling, Josh Rudolf and Julian Ma, Ethlabs brings together researchers responsible for key contributions to finality, scaling, data availability, the virtual machine and protocol economics — the technologists who have guided the network through its most consequential upgrades over the past decade. This initiative gives that work a dedicated institutional home with stable, long-term funding.The launch reflects a natural evolution of the Ethereum ecosystem. As the Ethereum Foundation refocuses on its core mandate and embraces a multi-node future, Ethlabs emerges as one of several independent organizations advancing the network in parallel. Ethlabs' early work will center on what institutions need to move onchain at scale: faster settlement, native issuance and cross-chain movement on robust infrastructure, capacity on mainnet and research that grounds ETH's monetary properties.Thomas "Tom" Lee, Chairman of Bitmine. "We believe Ethereum is positioned to grow significantly in adoption by institutions and by AI agents. And naturally, the ecosystem needs to dramatically expand its investment in talent and research to support this growth. The formation of Ethlabs demonstrates that key stakeholders are stepping up to help ensure Ethereum remains a leading platform for decentralized finance. We believe positive momentum is building in the digital asset ecosystem, and initiatives like this strengthen the foundation of the ecosystem as the community works together to advance Ethereum's next chapter. As a significant institutional participant in the Ethereum ecosystem, Bitmine is excited to help serve as a steward of Ethereum's long-term growth and support the dedicated builders, researchers and innovators who are helping shape its future."Joseph Chalom, Chief Executive Officer of Sharplink. "We are at the beginning of an institutional supercycle on Ethereum, and the researchers behind this organization are the people who will make the network ready to carry it. They have quietly shaped Ethereum for the better part of a decade, and giving their work a stable, independent home is one of the most meaningful contributions we can make to the ecosystem. We hold ETH because we believe in what this network is becoming, and supporting the people advancing it at the protocol level is the clearest way we know to back that conviction. This is what responsible stewardship looks like: using our position to drive the next wave of institutional adoption and to strengthen the foundation the entire onchain economy will be built on. Sharplink is proud to help bring Ethlabs to life, alongside our ecosystem partners."Joe Lubin, Ethereum co-founder and founder and Chief Executive Officer of Consensys. "Ethereum is entering its next stage of evolution. We are now poised to recognize and implement the idea that there should be a number of steward nodes of Ethereum, each configured in their unique way to evolve and protect what is sacred about the network and massively grow the world's appreciation and utilization of it. With support from the Sharplink, Bitmine and many others, Ethlabs is the latest group of EF origin that is externalizing to become a major node of the network of "Responsible Institutions and Stewards of Ethereum". By providing a long-term, independent home to researchers and developers advancing Ethereum's core technology and values, Ethlabs will be instrumental in preparing the network for the next major wave of adoption, from institutional finance to agentic commerce, with the scale, security, interoperability and resilience that global institutions require. Today and going forward the Ethereum ecosystem will be further decentralized, enormously stronger with each steward more focused and empowered."Ansgar Dietrichs, Executive Director of Ethlabs. "Ethereum is at a pivotal moment. A decade of uninterrupted operation and a track record of credible neutrality have earned it the trust of users and institutions around the world. As blockchain systems move rapidly into mainstream use, the coming years will define the shape of the onchain economy for decades. Ethereum is uniquely positioned to become the shared base layer of that economy, the neutral foundation the broader onchain ecosystem is built on, where users, institutions, and agents can transact and interoperate without intermediation. Ethlabs was created to help Ethereum realize that potential. As longtime contributors to the core protocol, we are establishing an independent non-profit organization to advance Ethereum's core technology and the shared standards and infrastructure builders depend on, and we are excited to carry forward that work at the moment it matters most."The funding effort has been organized to preserve Ethlabs independence at every level. Contributions flow through an independent grants administrator that handles screening, valuation and disbursement. Funders provide accountability through transparent quarterly reporting and an independent annual audit, rather than influence over the research agenda. Final decisions on research priorities and technical direction will rest with Ethlabs leadership.About Bitmine
Bitmine (NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of "the alchemy of 5%," the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company launched MAVAN (Made-in America Validator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.About Sharplink
Sharplink (NASDAQ: SBET) is a leading institutional-grade Ethereum treasury platform designed to give public market investors smarter, more productive exposure to ETH. Ethereum underpins the majority of global stablecoin, tokenized real-world assets and decentralized finance settlement, making ETH a unique native yield generation and long-term network growth opportunity. Sharplink was founded in 2019 and is headquartered in Miami, Florida. Learn more at www.sharplink.com.About Ethlabs
Ethlabs is an independent, nonprofit research and development lab and ecosystem steward focused on the next era of growth for Ethereum and ETH. It exists to turn Ethereum's unique properties into infrastructure, standards, and outcomes that users, builders, institutions, and asset issuers can rely on. All of its research is published openly. Learn more at ethlabs.org.Forward-Looking StatementThis press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding anticipated institutional interest in Ethereum, research focus and technical roadmaps, governance arrangements, grants administration and oversight mechanisms, and treasury and digital-asset strategies. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially, including market conditions for digital assets, regulatory changes, protocol-level developments or setbacks, the timing and success of research efforts, funding availability, and general economic conditions. Additional risk factors are described in Sharplink's and Bitmine's SEC filings at www.sec.gov. Forward-looking statements speak only as of the date of this release, are not guarantees, and neither Sharplink nor Bitmine undertakes any obligation to update them except as required by law. This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security or digital asset. View original content to download multimedia:https://www.prnewswire.com/news-releases/ethlabs-founded-by-former-ethereum-foundation-contributors-and-funded-by-bitmine-sharplink-and-joe-lubin-launches-to-accelerate-ethereums-institutional-supercycle-302806705.htmlSOURCE Ethlabs Original: Ethlabs, Founded by Former Ethereum Foundation Contributors and Funded by Bitmine, Sharplink and Joe Lubin, Launches to Accelerate Ethereum's Institutional Supercycle

$9.69 Looks ready been a dead body 

Besides just buying ETH via share issuances, what else is the money going to be utilized for??? We planning on making a huge business purchase?? What is the plan!!!

Hey LUBIN/CHALOM - How's about telling us SHAREHOLDERS exactly what the fuck the plan is on producing shareholder value instead of just issuing shares to buy more ETH while watching the PPS get PUMMELED in the process????

They want to Increase the Authorized Share Count to 2.5 BILLION SHARES????

WHAT THE FUCK????

I guess the new CEO Joe is shorting the stock in order to buy back shares on the cheap with their announced $1.5 Billion in share buybacks.....

Now trading at .80 of NAV....stock should be a buy.

Buying back their own stock at prices lower than what they issue shares for cash is almost like shorting your own stock.

$400 million offering at $21,76 Aug 12

$22.74 dumped enough some recovery ahead

Avg cost as of today is $3136 ETH.
Had to do a little digging since company only reports avg cost of the week's purchases and doesn't provide a cumulative running total of cost basis.
The net unrealized gain on the purchases is $1255 ($4391-3136) or $751.5 million (at the exact time I'm writing this post).

No I don't. Do the research. As you said, should be easy.

Do you know what the unrealized gains are on their ETH holdings?
Easy to calculate based upon their avg cost .

And will be sitting on over $3B in Ethereum in their treasury which is a good thing. I just wish this would hold its gains a bit better.

SBET issuing yet another 20 million shares at $21.76  in exchange for about $400 million in proceeds.

SBET, BMNR trading at less than 1.4 Net Asset Value.
BTBT trading at over 2.0 .
SBET and BMNR are the better values right now. My hunch is that BTBT will see action solely because of the low share price, folks not understanding it is overvalued based upon the metric above.
JMO .

Company giving institutional investors at least a 10% discount on share price in order to get their hands on $200 million. Another 10 million shares hitting the market.

I
N
Let's see

It looks like the dilution is drying up.
I hope but I am not sure.
I am not an expert.

You are beginning to understand now how dilution of shareholders allows the company to raise cash to buy ETH.

Too much dilution too quickly... Lubin needs to say exactly what the company is planning on doing and not just keep diluting and issuing these stupid PR's.

Wow! Where is thing going to settle down at?????

Good news

Sliced thru the 50 dma like a hit knife thru butter. That support likely become resistance.

Banging right into the 50 DMA of $22.50 . Let's see how it acts around that level.  20 day is 20.34.

All about long term now...

Sure got quiet on this board all of sudden. Maybe reality settled in once everyone figured out retail was going to pay for the dilution.  Fair value in a rational market is $15.   Irrational market could be anywhere from 7 to 35 imo.

Too much incoming dilution with SBET.

Nah,,I gave up on it

I lot of investors view Cathie Wood as the kiss of death for their particular stock.  However, most of her funds have doubled in price since the news of the semiconductor chip tariff announcements in April. If the funds have doubled then many of the stocks within those funds have doubled. She is playing high beta stocks so movement is always guaranteed, up as well as down.  I'd be more concerned with what she is selling to raise funds to buy this company's competitor stock.

Based SOLELY on the market cap/ to Ether value , this is the ranking of three stocks I follow as of 7/21:
1. BMNR  1.842. BTBT    2.393. SBET.   2.43
If these companies have any other business that contributes to revenues, it's not counted here.
For context the market cap to Bitcoin ratio for Strategy is:
MSTR 1.63

God I hope not!

Who knows - Maybe SBET will attract Cathie Woods to purchase some stock for her Ark Invest fund.... Time will tell.

Looks to be a race between SBET & BMNR as to who will hold the most ETH. Right now unless BMNR reports they have purchased more, it is SBET in the lead with the most ETH in its treasury...

How is partnering up with $BMNR "obvious"? $BMBR and SBET aren't the only ones going in this direction. Plenty of others.

I sense a joint agreement or merger with $bmnr. Toooooo obvious 

Keep guessing.
The issue right now is a $3 billion market cap with coins only worth $1 billion. 3:1 ratio seems high at this time.
The coins can appreciate but they can also depreciate.

Or if you have a couple of PUTS in place.... I'm guessing you might be in that arena then.

Nobody wants the price to go lower unless you believe in conspiracies.

Nice..... So you do realize how the market works and are trying to buy lower. Got it. Thank you for clarifying.

Dude, if you think your are ONE of the "79 shareholders" , you just don't understand how "in street name" works.   You are one of thousands of shareholders.

Hmmm. So in 3 posts, all negative toned, I'm assuming you missed out on buying when in the $9.50 - $12 range huh???
All I know is that I am in the 79 Shareholder group in the prospectus and can't wait to see what is ahead in my opinion.
Like I mentioned before, Chairman of the Board in my opinion wants to accumulate 1 million plus ETH. Looks to be 1/3 of the way there so far with this mornings Coindesk news. If he gets the green light by shareholders to increase the Authorized Shares and increases the OS by another 130 million shares let's say to have a stockpile of cash on hand to buy 1 million plus ETH, Let's GO!!!!!

Seeing a sharp reversal off the $40.46 top.....a correction is due after this parabolic rise. Was getting very frothy imo. Needs to hold 34 or could see sub 30's quickly. 

You bet ... 07:19 AM EDT, 07/18/2025 (MT Newswires) -- BitMine Immersion Technologies (BMNR), BTCS (BTCS), Bit Digital (BTBT), and other ether (ETH-USD)-linked equities jumped in premarket activity Friday after the cryptocurrency reached a six-month high....

More good news for the Crypto sector:
https://www.reuters.com/legal/government/us-house-passes-stablecoin-legislation-sending-bill-trump-2025-07-17/

Correction - SBET now holds 321,000 ETH as per this am's latest news clip from Coindesk.....
https://www.coindesk.com/markets/2025/07/18/ethereums-biggest-wall-street-bull-ups-stock-sale-to-6b-to-power-eth-treasury

Last PR'd SBET is biggest holder with 280,706. I have a feeling Lubin has been buying more of late and will either announce today or next week that more has been purchased.

with todays 5B SBET offering, it feels like SBET and BMNR are competing for the #1 position in ETH holdings. Do we know as of now, which of these 2 is leading? Both are going to do great,IMO.