Linea is where Ethereum wins.In 2025, @LineaBuild proved L2s can meet and exceed standalone L1 performance without sacrificing security or decentralization.The Linea TGE in September rewarded 750,000 wallets, with over 92% of eligible users claiming the airdrop.Now Linea is positioned to be the institutional on-ramp to crypto in 2026:- $200M SharpLink deployment commitment- Cross-border settlement integrations- Dual ETH and LINEA burn mechanismhttps://t.co/D7PfsQH4DD ...

RT Linea.eth (@LineaBuild)The L2 paradigm shifted in 2025. Extraction gave way to sustainability. Misalignment gave way to purpose.Linea led that transformation, building an L2 designed to strengthen Ethereum, not just ride its success. https://t.co/piuvyMr7gk ...

RT Linea.eth (@LineaBuild)Linea IS Ethereum.From upgrading to Fusaka on day 1 alongside Ethereum mainnet, to our ETH-burning tokenomics, every transaction on Linea directly supports Ethereum's network and value.Real scaling means making Ethereum stronger, not just faster. ...

RT BSCN (@BSCNews)📣 NEW PROJECT ADDED: $LINEA@Consensys's very own L2 @LineaBuild launched its native token just two months ago in September 2025. Now it's been added to BSCN's official directory of crypto's most interesting platforms and projects...Which project should we add next? 🤔 Send us a DM!https://t.co/x5RlZEW1dS ...

RT BSCN (@BSCNews)📣 NEW PROJECT ADDED: $LINEA@Consensys's very own L2 @LineaBuild launched its native token just two months ago in September 2025. Now it's been added to BSCN's official directory of crypto's most interesting platforms and projects...Which project should we add next? 🤔 Send us a DM!https://t.co/x5RlZEW1dS ...

RT BSCN (@BSCNews)📣 NEW PROJECT ADDED: $LINEA@Consensys's very own L2 @LineaBuild launched its native token just two months ago in September 2025. Now it's been added to BSCN's official directory of crypto's most interesting platforms and projects...Which project should we add next? 🤔 Send us a DM!https://t.co/x5RlZEW1dS ...

RT blocmates. (@blocmates)The Linea-Etherex interview. 🎬Moshu Treehouse, Buenos Aires. 📍@DeclanFox14 and @Trantor2140 joined @alexblocmates over coffee to talk about:- L2s entering their sovereign era- Linea's ZK foundation and scalability edge- Etherex's liquidity hub positioning and its underlying flywheel- ve(3,3) vs. x(3,3)- Linea's Consensys roots, architecture and infra stack- Onchain maturity and the institutional front ...

Financial Data and Key Metrics Changes - Total revenue for Q3 2025 reached approximately $10.8 million, a significant increase of over 10 times year-over-year from $0.9 million in Q3 2024 [11][22] - Net income for Q3 2025 was approximately $104.3 million, a substantial increase compared to a net loss of $0.9 million in the same quarter last year, primarily driven by unrealized gains on Ethereum holdings [23] - Cash on hand as of September 30, 2025, was $11.1 million, up from $1.4 million at the end of 2024 [23] Business Line Data and Key Metrics Changes - The affiliate marketing segment generated revenue of approximately $570,000 in Q3 2025, down from $882,000 in Q3 2024, indicating a reduced emphasis on this area as resources shifted towards the ETH treasury strategy [20] - The company staked nearly 100% of its ETH since the inception of its treasury strategy, contrasting with many peers and ETH ETFs [14] Market Data and Key Metrics Changes - As of September 30, 2025, the company held 580,841 ETH with a net fair value of $2.4 billion, and 236,906 LsETH (liquid staked ETH) valued at $622.7 million [21] - Combined ETH holdings increased to 637,752 ETH and 223,499 LsETH as of November 9, 2025 [22] Company Strategy and Development Direction - The company is focused on maximizing value creation through strategic partnerships and identifying the best ETH deployment opportunities, leveraging its relationship with ConsenSys [14][15] - The long-term vision includes Ethereum becoming the settlement layer for trillions of dollars in tokenized assets, with a focus on increasing ETH per share for investors [10][12] Management's Comments on Operating Environment and Future Outlook - Management highlighted a significant shift in institutional adoption of digital assets, supported by regulatory clarity from the U.S. government [12] - The company is well-positioned to capitalize on the ongoing institutional adoption supercycle within the Ethereum ecosystem [19] Other Important Information - The company announced a partnership with Superstate to issue its stock natively on Ethereum, aiming to enhance accessibility and utility for a digitally native investor base [16] - The company raised $76.5 million through a registered direct offering, reflecting strong institutional confidence in its strategy [18] Q&A Session Summary Question: Can you discuss the attributes driving demand for Ethereum and the pipeline for partnerships? - Management noted that financial institutions recognize digital assets as crucial technology, with Ethereum executing its scaling roadmap effectively [27][28] Question: How does the company view the percentage of ETH that should be staked versus used for other earnings? - The company emphasized a focus on risk-adjusted yield while staking nearly 100% of its ETH, without providing specific yield targets [31][32] Question: What initiatives are being considered besides share buybacks in light of the current NAV multiple? - Management indicated a focus on increasing ETH per share growth and capital efficiency, with various strategies available depending on market conditions [50][51] Question: How does Ethereum maintain its leading position against competitors like Solana? - Management highlighted Ethereum's significant stablecoin activity and tokenized asset dominance, asserting confidence in its institutional activity [56][57] Question: What is the expected impact of upcoming Ethereum upgrades? - Management expressed optimism about the upgrades enhancing scalability and transaction throughput, positioning Ethereum favorably against competitors [64][65]

Financial Data and Key Metrics Changes - Total revenue for Q3 2025 reached approximately $10.8 million, a significant increase of over 10 times year-over-year from $0.9 million in Q3 2024 [11][24] - Net income for Q3 2025 was approximately $104.3 million, a substantial increase compared to a net loss of $0.9 million in the same quarter last year, primarily driven by a $107.3 million unrealized gain related to fair value accounting adjustments on ETH holdings [25][12] - As of September 30, 2025, the company held 580,841 ETH with a net fair value of $2.4 billion and 236,906 LsETH valued at $622.7 million [23] Business Line Data and Key Metrics Changes - The affiliate marketing segment generated approximately $570,000 in revenue for Q3 2025, down from $882,000 in Q3 2024, while the consolidated net loss from continuing operations improved to approximately $1,800 from a loss of $781,000 in the prior year [22] Market Data and Key Metrics Changes - The company has seen a significant increase in institutional adoption of Ethereum, with major financial institutions and governments recognizing the potential of digital assets and decentralized finance [5][12] - Ethereum continues to dominate the stablecoin market, with over 60% of stablecoin activity occurring on its platform, and it holds a significant share of tokenized real-world assets [58] Company Strategy and Development Direction - SharpLink is focused on maximizing value creation through its Ethereum treasury strategy, having staked nearly 100% of its ETH and planning to deploy $200 million of ETH onto the Linea Layer 2 platform [15][24] - The company aims to capitalize on the institutional adoption supercycle and is building a team with significant expertise to navigate the evolving landscape of digital assets [13][21] Management's Comments on Operating Environment and Future Outlook - Management highlighted a major inflection point for institutional adoption of digital assets, driven by regulatory clarity and the recognition of stablecoins' efficiency in value transfer [12][18] - The upcoming Fusaka upgrade in December 2025 is expected to enhance Ethereum's scalability and transaction throughput, further supporting institutional adoption [9][56] Other Important Information - SharpLink's share price has experienced volatility due to its exposure to ETH, but the company has doubled its ETH per share concentration from 2.0 to 4.0 since launching its treasury strategy [17][18] - The company raised $76.5 million through a registered direct offering, reflecting strong institutional confidence in its strategy [19][20] Q&A Session Summary Question: What attributes are driving demand for Ethereum partnerships? - Institutions recognize digital assets as crucial technology, and Ethereum's scalability and interoperability are key factors driving demand [30][31] Question: How does SharpLink view the percentage of ETH to be staked versus applied for yield? - The company has been staking nearly 100% of its ETH and focuses on risk-adjusted yield opportunities without providing specific yield guidance [34][35] Question: What is the current multiple to NAV and what initiatives are being considered? - The company is exploring various capital-raising strategies, including share buybacks and innovative fundraising opportunities, to enhance shareholder value [52][54] Question: How does Ethereum maintain its leading position against competitors like Solana? - Ethereum's long-standing reliability, significant stablecoin activity, and upcoming upgrades are expected to preserve its competitive edge [56][60] Question: What is the expected inflation rate of Ethereum's token issuance? - Ethereum's expected inflation rate is below 1% annually, with the potential to become deflationary as network activity increases [70][71]

RT Linea.eth (@LineaBuild)The SomETHing Podcast | Live with Shodai Network https://t.co/olgr055r0D ...