According to Globe Newswire, Ethereum custody platform Sharplink, Inc. (Nasdaq: SBET) released its full-year 2025 financial report on March 9, 2026. Key Data: • As of March 1, 2026, the company held a cumulative total of 869,000 ETH, becoming the second-largest publicly listed ETH holder globally. • Full-year 2025 total revenue reached $28.1 million, a significant increase from $3.7 million in 2024. • Q4 staking income amounted to $15.3 million, representing nearly a 50% sequential growth. • Since June 2025, the company has累计 received 14,516 ETH in staking rewards. • ETH concentration per share doubled from 2.0 to 4.01. • Institutional ownership increased substantially from approximately 6% to 46%. Financial Notes: The net loss for 2025 was $734.6 million, primarily due to $616.2 million in unrealized losses from the decline in ETH market value and $140.2 million in LsETH impairments. These are accounting entries and do not affect the actual number of ETH held.
Sharplink Reports 2025 Annual Financials: Holds 869,000 ETH, Records $734.6M Net Loss
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Summary
Sharplink, Inc. (Nasdaq: SBET) released its 2025 financial results on March 9, 2026. As of March 1, the company held 869,000 ETH, making it the second-largest publicly traded holder of ETH. Total revenue increased to $28.1 million in 2025 from $3.7 million in 2024. Q4 staking revenue reached $15.3 million, a 50% increase from the prior quarter. Since June 2025, it has earned 14,516 ETH in staking rewards. The report shows a net loss of $734.6 million, primarily due to a $616.2 million unrealized loss from ETH price declines and a $140.2 million LsETH impairment. ETH analysis indicates these are accounting losses, not reductions in actual ETH holdings.
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