SharpLink's net profit reached $104.3 million in the third quarter, with ETH holdings increasing to 861,000 tokens

Jinse Finance reported, citing an official announcement, that US-listed ETH treasury company SharpLink Gaming (SBET) has released its Q3 2025 financial report. The company's net profit surged to approximately $104.3 million, with earnings per share of $0.62, compared to a net loss of $885,000 in the same period last year. As of September 30, SharpLink held about 817,700 ETH, which increased to 861,250 ETH as of November 9. Total revenue for the third quarter was around $10.8 million, representing a year-on-year growth of over 1,100%. The company's total crypto assets are valued at approximately $3 billion, with $11.1 million in cash and $26.7 million in USDC stablecoins. In terms of operations, the board of directors approved a $1.5 billion stock buyback plan, with 1.938 million shares already repurchased at a cost of $31.6 million. The company also announced it will deploy $200 million worth of ETH on Consensys' Linea Layer 2 network to achieve enhanced yields through ether.fi and Eigen Cloud. Co-CEO Joseph Chalom stated that the company's ETH per share ratio has increased from 2.0 to 4.0.