ETHMvsSBET
The Ether Machine vs SharpLink Gaming
Side-by-side Ethereum treasury comparison: holdings, market cap, mNAV ratio, cost basis, and recent purchases. Numbers refresh every 5 minutes from SEC filings and live market data.
ETHM
The Ether Machine
🇺🇸 US
496,712 ETH
$791.1M market value
SBET
SharpLink Gaming
🇺🇸 US
872,984 ETH
$1.4B market value
Metric
ETHM
SBET
ETH holdings
496,712 ETH
872,984 ETH
Market value of ETH
$791.1M
$1.4B
Average cost per ETH
—
$3,192.00
Total cost basis
—
$2.8B
mNAV (market cap ÷ ETH value)
—
0.73×
Last disclosed purchase
3/6/2026
5/11/2026
Country
🇺🇸 US
- 3/6/2026+0 ETH$197.1M
- 11/6/2025+0 ETH$197.1M
- 8/13/2025+0 ETH$197.1M
- 5/11/2026+4,285 ETH$0.00
- 3/9/2026+5,275 ETH$0.00
ETHM vs SBET: frequently asked
Which company holds more Ethereum, ETHM or SBET?▾
SharpLink Gaming (SBET) holds 872,984 ETH, compared to The Ether Machine's (ETHM) 496,712 ETH — roughly 1.8× more.
What's the total Ethereum value on the balance sheets of ETHM and SBET?▾
ETHM holds $791.1M worth of Ethereum at current market prices. SBET holds $1.4B.
Who has a lower cost basis per ETH, ETHM or SBET?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did ETHM last buy Ethereum?▾
ETHM disclosed a 0 ETH purchase on March 6, 2026.
When did SBET last buy Ethereum?▾
SBET disclosed a 4,285 ETH purchase on May 11, 2026.