SHARPLINK DEMONSTRATES STRONG GROWTH MOMENTUM IN THIRD QUARTER 2025 AS IT ADVANCES EXECUTION OF ETH TREASURY STRATEGY

Core Insights - SharpLink Gaming, Inc. reported significant financial growth in Q3 2025, marking the successful execution of its ETH treasury strategy, with total revenue increasing to approximately $10.8 million, up over 1,100% from $0.9 million in Q3 2024 [2][6] - The company's net income rose sharply to approximately $104.3 million, or $0.62 per fully diluted share, compared to a net loss of approximately $885,000, or $(3.02) per fully diluted share, in the same period last year [6] - SharpLink's total ETH holdings reached approximately 817,747 ETH as of September 30, 2025, increasing to 842,084 ETH by November 9, 2025 [6][4] Financial Performance - Total revenue for Q3 2025 was approximately $10.8 million, a significant increase from $0.9 million in Q3 2024 [6] - Net income for Q3 2025 was approximately $104.3 million, a turnaround from a net loss of approximately $885,000 in Q3 2024 [6] - The company's crypto assets totaled approximately $3.0 billion, with cash on hand at $11.1 million and $26.7 million in USDC stablecoins as of September 30, 2025 [6] ETH Treasury Strategy - SharpLink has deployed nearly all of its ETH holdings into productive, yield-generating staking while maintaining disciplined risk management [2] - The company plans to allocate $200 million in ETH for deployment on Consensys' Linea platform via ether.fi and EigenCloud to enhance Ethereum DeFi yields [2][6] - The concentration of ETH per share has doubled from 2.0 to 4.0 since the inception of the treasury strategy [2] Operational Highlights - SharpLink's Board of Directors authorized a $1.5 billion stock repurchase program, with $31.6 million spent to repurchase 1,938,450 shares as of September 30, 2025 [6] - The company launched tokenized SBET on Ethereum in partnership with Superstate [6] - A $76.5 million registered direct offering was priced at a 12% premium to SharpLink's closing share price on October 15, 2025 [6] Leadership and Strategic Partnerships - SharpLink expanded its executive leadership team with key appointments, including Matthew Sheffield as Chief Investment Officer and Mandy Campbell as Chief Marketing Officer [6] - The company is positioned as a pioneer in the publicly traded ETH treasury space, combining active asset management with public company transparency [6]