SharpLink Makes $104M in Q3 2025: How Ethereum Became Their Cash Cow

Key Highlights

• SharpLink raked in $104M in Q3 2025, thanks to its Ethereum staking strategy, proving crypto can actually be profitable (shocking, right?).
• With a whopping 861K ETH in its pockets, SharpLink has doubled its ETH per share since the beginning. Discipline and strategy: who knew those worked?
• With plans to sink $200M into DeFi on Linea and a steady flow of staking rewards, SharpLink is showing how public companies can use Ethereum to look smarter than the rest of us.

SharpLink Gaming (NASDAQ: SBET) has delivered results that might make traditional investors spit out their coffee. The company announced a staggering $104.3 million profit for Q3 2025, thanks to its ongoing Ethereum treasury strategy (yes, you read that right, crypto profits). The bulk of the windfall came from their very clever approach to Ethereum staking-who would’ve guessed that actually using crypto for something useful might work?

Joseph Chalom, SharpLink’s Co-CEO, shared that the third quarter was the first full period with their ETH strategy in action. Spoiler alert: it worked. “We’ve deployed nearly all of our ETH into staking, while maintaining ‘responsible’ risk management,” he said, probably with a slight wink. Yeah, because nothing says “responsible” like crypto.

But wait-there’s more. SharpLink has successfully doubled its ETH per share from 2.0 to 4.0 since launching its treasury strategy. That means they’re making their ETH work harder than most of us on a Monday morning. They’re officially the crypto-savvy pioneers in the public company world.

The company also made sure everyone on X (formerly Twitter) knew about their Q3 earnings, just in case you missed it. Their tweet: “SharpLink’s Q3 2025 earnings results are out. Total ETH holdings include native ETH and as-if-redeemed LsETH. You know, the usual fancy crypto stuff.”

ETH treasury drives explosive growth

In case you were wondering, SharpLink’s revenue soared to $10.8 million in Q3 2025, compared to a mere $0.9 million in the same period last year. That’s a rise of over 1,100%. Net income? A cool $104.3 million-or $0.62 per diluted share-reversing last year’s $885,000 loss. Take that, skepticism!

As of September 30, 2025, SharpLink held 817,747 ETH, which grew to 861,251 ETH by November 9. They also had $11.1 million in cash and $26.7 million in USDC. You know, just a small stash of crypto that could make your wallet jealous.

SharpLink isn’t just sitting on their ETH either. Last week alone, they earned 492 ETH from staking rewards, pushing the total to 7,067 ETH since June 2025. Compounding staking rewards are like the gift that keeps on giving-except they’re digital and way more complicated than anything your grandmother would understand.

Expanding strategy and market presence

To make sure their success isn’t a fluke, SharpLink is doubling down on its financial strategy. In August, the board approved a $1.5 billion stock buyback plan. By the end of Q3, they’d already repurchased 1.94 million shares for $31.6 million. Stock buybacks? Oh, they’re just playing the game like seasoned pros.

In September, they partnered with Superstate to tokenize their SBET stock on the Ethereum blockchain-because why not? Who doesn’t want to add “blockchain” to their list of business buzzwords?

October saw them raise $76.5 million by selling shares directly at a 12% premium over their market price. Clearly, they’re not just good at crypto-they’re good at making money the old-fashioned way too. And just to keep things interesting, they added Matthew Sheffield from FalconX as Chief Investment Officer and Mandy Campbell from Bain Capital Crypto as Chief Marketing Officer. They’re not messing around.

SharpLink’s plans for Ethereum don’t stop there. They’re preparing to deploy a staggering $200 million on Linea, a zkEVM Layer 2 network. Because who doesn’t want to be a major player in the DeFi world? Chalom confidently declared, “Our ability to manage capital dynamically puts SharpLink in the perfect position as Ethereum’s institutional supercycle gains momentum.”

And lest you think they’ve gotten too comfortable, CIO Matt Sheffield quickly dismissed rumors of large ETH transfers to OKX, ensuring the public that all Ethereum holdings remain fully staked. Transparency, folks, it’s a thing.

As of the latest update, SharpLink Gaming (SBET) closed at $11.57, up $0.01 (0.09%) at 4:00 PM EST. But hold on, overnight shares jumped by $0.27 (2.33%) to $11.84. It’s like the stock market is saying, “Hey, maybe crypto is here to stay.”

In conclusion, SharpLink’s Ethereum strategy proves that public companies don’t have to be stuck in the past with their investments. With a disciplined approach and a little bit of luck, you too could turn your crypto stash into steady growth. Or at least, that’s what SharpLink is showing us. The future’s looking pretty decentralized, folks.

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2025-11-13 11:24