Now they just need to get the shares to rebase, display an APR, and tradfi can have their ohm bubble
At SharpLink, we don’t just report how much ETH we hold
We also track how much ETH each share represents
We call this metric ETH Concentration, and it shows how much Ethereum backs every 1,000 shares of SBET
It’s calculated as:
Total ETH held ÷ 1,000 diluted shares outstanding
That includes all issued shares, options, warrants, and other convertible equity, giving investors a transparent picture of ETH-per-share
Since launching our ETH strategy on June 13, ETH Concentration has grown from ~2.00 to ~2.24, a 12% increase in just over a month
Why does it matter?
Because the more ETH per share, the more Ethereum-backed value each investor holds
The asset is $ETH, the ticker is $SBET
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