SharpLink Reports Impressive 1,100% Y-O-Y Revenue Increase Driven by ETH Treasury Strategy

The SharpLink (Nasdaq: SBET) reported a massive 1,100% year-over-year increase in revenue for the 3rd quarter. Total revenue increased to approximately $10.8 million, and the net income rose to roughly $104.3 million or $0.62 per fully diluted share, as of September 30, 2025. The stellar Q3 numbers are largely driven by the strong performance of the company’s Ethereum (ETH) treasury.

Commenting on the Q3 numbers, Joseph Chalom, Co-CEO of SharpLink,  noted that the third quarter of 2025 marked their first full quarter executing on SharpLink’s ETH treasury strategy, and the results clearly validated their execution. He further mentioned that to date, they had deployed nearly all of their ETH holdings into productive, yield-generating staking, while maintaining disciplined risk management.

He further added that they had recently announced their intention to allocate $200 million in ETH for deployment on Consensys’ Linea platform via ether.fi and EigenCloud to responsibly generate enhanced Ethereum DeFi yields. He emphasized that they had doubled their ETH per share concentration from 2.0 to 4.0 since the inception of the treasury and continued to focus on long-term value accretion for their stockholders.

SharpLink’s Impressive Q3 Numbers Validate the Company’s ETH Treasury Strategy

The total revenue of SharpLink rose from $0.9 million in the previous third quarter to $10.8 million this year, recording over 1,100%. SharpLink reported net income of roughly $104.3 million. The achievement is remarkable as the company had a net loss of around  $885,000, or $(3.02) per fully diluted share, in the last year’s third quarter period. As of November 9, SharpLink’s ETH holding is 861,251. It was 817,747 ETH as of September 30, 2025. 

According to the company’s third-quarter earnings release, the SharpLink held crypto assets totaling approximately $3.0 billion, 11.1 million in cash, and $26.7 million in USDC stablecoins at the end of September 2025. The numbers clearly suggest that the company’s liquidity and financial strength are now anchored around crypto assets, especially Ethereum. 

Emphasizing the treasury strategy, Co-CEO Chalom commented that SharpLink was pioneering a new model for publicly traded ETH treasury companies – one that married the agility of an active asset manager with the transparency of a public company. He further added that their ability to dynamically manage capital, pursue sophisticated compounding yield strategies, and partner with many of the most revered names in the Ethereum ecosystem put SharpLink in pole position as the Ethereum institutional supercycle accelerated. The SharpLink will host a conference call to discuss its third-quarter results on Thursday, November 13, 2025, at 8:30 a.m. ET, accessible via SharpLink’s investor relations website. 

The company’s boldness to move ahead with the Ethereum treasury strategy shows increased confidence in the long-term potential of the world’s second-largest cryptocurrency. Such institutional activities are expected to create a bullish impact on the market. Moreover, the ETH is predicted to reach $4,000 to $7,500 under a bullish scenario towards the end of this year. 

How Is Ethereum Faring Today?

The ETH is up today as the end of the 43-day-long U.S. government shutdown sent a strong bullish signal to the market. The price of the token has increased by 2.9% in the past 24 hours and is currently trading at around $3,548.36. The market cap touched $427.87 billion. The 24-hour trading volume also increased by more than 14%. The token is trading above 10-day moving averages, and the MACD is having a bullish crossover, suggesting that a rally may be around the corner.