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Ethereum News Update: SharpLink's Cryptocurrency Gamble Yields $104M in Profits, Surpassing Expectations

Ethereum News Update: SharpLink's Cryptocurrency Gamble Yields $104M in Profits, Surpassing Expectations

Bitget-RWA2025/11/13 01:14
By:Bitget-RWA

SharpLink Gaming, Inc. (Nasdaq: SBET) posted a net profit of $104.3 million for the third quarter of 2025, marking a significant shift from the $885,000 net loss reported during the same quarter last year, as detailed in a

. The Minneapolis-based firm, which manages one of the largest ETH treasuries among corporations, credited its strong results to the successful implementation of its Ethereum-centric treasury approach. Revenue for Q3 2025 soared to $10.8 million, representing a 1,100% jump from $0.9 million in Q3 2024, according to a , fueled by profits from staking and yield-generating strategies linked to its crypto assets.

The company’s Ethereum reserves grew substantially, increasing from 817,747 ETH as of September 30, 2025, to 861,251 ETH by November 9, 2025, as reported in a

. This expansion has resulted in a twofold increase in ETH per share since the treasury strategy began. has allocated nearly all of its ETH to staking and liquid staking derivatives (LsETH), and intends to commit an additional $200 million in ETH to Consensys’ platform through .fi and EigenCloud to further boost DeFi returns, as highlighted in the .

Ethereum News Update: SharpLink's Cryptocurrency Gamble Yields $104M in Profits, Surpassing Expectations image 0
Joseph Chalom, SharpLink’s Co-CEO, stressed the company’s dedication to building long-term value. “Our flexible capital management and partnerships with top players in the ecosystem put us in a strong position to benefit from the institutional supercycle,” he said in an . As of September 30, 2025, the company’s digital assets were valued at $3.0 billion, with $26.7 million in stablecoins and $11.1 million in cash, according to the .

SharpLink’s bold approach to capital deployment includes a $1.5 billion stock buyback plan approved in August 2025. By the end of September, the company had repurchased 1.9 million shares for $31.6 million, as stated in the

. In October, SharpLink finalized a $76.5 million registered direct offering at a 12% premium to its share price and strengthened its leadership team with hires from FalconX, Bridgewater, and JPMorgan, as mentioned in the .

The company also revealed a partnership with Superstate in September to tokenize its shares on Ethereum, along with a collaboration with Consensys to deploy ETH on Linea, a zkEVM Layer 2 network, as noted in the

. These initiatives highlight SharpLink’s ongoing commitment to using blockchain technology to enhance shareholder value.

A conference call is set for November 13, 2025, at 8:30 AM ET to share additional information, according to the

. Analysts had earlier forecasted Q3 2025 earnings of $0.01 per share and revenue of $9.04 million, as referenced in the , highlighting the significant outperformance versus expectations.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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