Original report published by The Block on November 9, 2026, at 23:39:28 UTC+8.
Sharplink reported third-quarter net income of $751.4 million, compared with $104.3 million a year earlier, with most of the profit coming from unrealized gains on its ether holdings.
The Ethereum treasury company recorded $676.7 million in unrealized ether gains and $75.2 million in realized crypto gains. Revenue totaled $13.5 million, slightly above estimates, according to The Block.
ETH holdings and staking activity
As of September 30, Sharplink held approximately 892,708 ETH. Its overall crypto assets were valued at approximately $2.1 billion under U.S. generally accepted accounting principles.
The company said it had completed a $200 million ETH staking allocation through Lido and begun deployments through its $125 million Galaxy Sharplink Onchain Yield Fund. Staking revenue rose 27% to $13.1 million.
Cash and cash equivalents stood at $47.9 million, up from $28.5 million on December 31, 2025.
Revenue growth and management commentary
The source reports a 24% revenue increase both year over year in its summary and quarter over quarter in the article body. It does not explain whether both comparisons apply.
CEO Joseph Chalom said Sharplink was focused on making its ETH holdings more productive while maintaining disciplined capital allocation and supporting Ethereum. He attributed the financial results to double-digit revenue growth, improved operating leverage and a substantial increase in net income.
Chairman and Ethereum cofounder Joseph Lubin said the company’s actively managed ETH treasury positioned it to participate in Ethereum’s growth as institutional adoption and onchain activity increased. That assessment was management’s view.
Shares at the time of publication
Sharplink’s SBET shares traded around $6.20 when the original article was published, little changed on the day and down 36% year to date.