26-8-2025 – SharpLink’s stock market capitalization has fallen below the value of its Ethereum holdings, signaling a rare discount in the crypto sector. Crypto influencer AB Kuai. Dong disclosed that SharpLink’s current market cap stands at $3.237 billion, while the company’s Ethereum reserves are valued at $3.28 billion. This results in a net asset value ratio under one, a phenomenon known as discount trading where the stock price undervalues the underlying assets.
The revelation, first reported by AB Kuai. Dong on social media, underscores potential market inefficiencies for publicly traded firms with significant crypto exposure. In contrast, peer Bitmine in the same sector boasts a market cap of $8.605 billion against $7.59 billion in Ethereum holdings, trading at a premium. This disparity highlights varying investor perceptions of risk and liquidity in crypto-tied equities amid ongoing market volatility.
