SharpLink Q3 Earnings Soar 1,100% on ETH Treasury Strategy

Published: 2025-11-13 07:32:43 |

SharpLink Q3 earnings hit a record $10.8 million, up 1,100% year-over-year, driven by its Ethereum treasury strategy. Net income turned positive at $104.3 million, compared with a $0.9 million loss last year. The balance sheet shows 817,747 ETH (approximately $3.0 billion), $11.1 million in cash and $26.7 million in USDC, resulting in a strong current ratio of 6.83. SharpLink also approved a $1.5 billion stock buyback, repurchasing 1.94 million shares for $31.6 million as of September 30, 2025. Following a $76.5 million October capital raise, holdings rose to 859,853 ETH. The company plans to deploy $200 million in ETH on ConsenSys’ Linea zkEVM Layer 2 via ether.fi and EigenCloud, aiming to capture staking rewards. Earnings per share were $0.62, above expectations, with analysts forecasting $0.87 by year-end. SharpLink Q3 earnings underscore the impact of its Ethereum treasury strategy and signal strong momentum in digital asset deployment.

Bullish

SharpLink’s 1,100% revenue surge and $104.3 million net profit highlight the success of its Ethereum treasury strategy. Large ETH holdings, a strong liquidity ratio and a $1.5 billion buyback demonstrate management confidence and support a positive market reaction. Plans to deploy $200 million ETH on Linea Layer 2 for staking rewards further signal growth potential. Historically, firms that convert crypto reserves into yield-generating platforms tend to see improved investor sentiment and share performance. In the short term, traders may respond to robust earnings and buyback news with increased buying pressure. Over the long term, ongoing ETH deployments and rising EPS forecasts set a bullish outlook for SharpLink’s stock and ETH exposure.