SharpLink achieved a net profit of $104.3 million in the third quarter, and its ETH holdings increased to 861,000 coins.
By: theblockbeats.news|2025/11/13 01:15:57
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BlockBeats News, November 13, Ethereum treasury company SharpLink Gaming released its third-quarter 2025 financial report. The net profit surged to approximately $1.043 billion, with earnings per share of $0.62, compared to a net loss of $885,000 in the same period last year; total revenue was around $10.8 million, a year-on-year increase of over 1100%; total crypto assets amounted to around $3 billion, with $11.1 million in cash and $26.7 million in USDC stablecoin.
As of September 30, SharpLink held about 817,700 ETH, which increased to 861,250 ETH on November 9. In terms of operations, the Board of Directors approved a $1.5 billion stock repurchase plan, repurchasing 1.938 million shares at a cost of $31.6 million. Additionally, the company also announced that it will deploy $200 million worth of ETH on Linea, earning enhanced yield through ether.fi and EigenCloud.
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