Management to Host Conference Call on Thursday, November 13, 2025 at 8:30 AM ET MINNEAPOLIS, MN, Nov. 12, 2025 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (Nasdaq: SBET) (“SharpLink” or the “Company”), one of the world’s largest corporate holders of Ether (“ETH”) and prominent industry advocate of Ethereum adoption, today announced its financial results for the third quarter ended September 30, 2025, and provided key highlights relating to the continued execution of its ETH treasury strategy. “The third quar ...

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]

ETHCC takeaways:- stablecoins, stablecoins, stablecoins- robinhood & arbitrum won the mindshare of the entire week- polygon brand feels “back” with Katana and just general feel- ethereum DeFi is in its strongest form since inception- nfts…well, haven’t heard a single thing about them- aave, ethena, etherfi are winning mindshare & real adoption- everyone wants to focus on institutional & compliant DeFi…feels like a necessary evil- haven’t heard any ETH to $10K targets, probs bullish- ppl are relaxed but focu ...