SharpLink's net profit in the third quarter reached 104.3 million USD, with ETH holdings increasing to 861,000 coins

According to the official announcement, the US-listed ETH treasury company SharpLink Gaming (SBET) has released its financial report for the third quarter of 2025. The company's net profit surged to approximately $104.3 million, with earnings per share of $0.62, compared to a net loss of $885,000 in the same period last year. As of September 30, SharpLink held approximately 817,700 ETH, which increased to 861,250 ETH by November 9.

Total revenue for the third quarter was approximately $10.8 million, a year-over-year increase of over 1100%. The company's total cryptocurrency assets are valued at around $3 billion, with $11.1 million in cash and $26.7 million in USDC stablecoins. On the operational side, the board approved a $1.5 billion stock buyback plan, having repurchased 1.938 million shares at a cost of $31.6 million. The company also announced it will deploy $200 million in ETH on Consensys's Linea Layer 2 network, obtaining enhanced yields through ether.fi and EigenCloud. Co-CEO Joseph Chalom stated that the company's ETH per share ratio has increased from 2 to 4.