Sharplink posts $751 million quarterly profit
Por Liezl GambePontos principais
- Sharplink, Inc. (NASDAQ:SBET) reported third-quarter net income of $751.4 million, compared with $104.3 million a year earlier.
- Revenue rose 24% to $13.5 million, while staking revenue increased 27% to $13.1 million.
- The company held 895,117 ETH by 2 November and completed a $200 million Lido staking allocation.
Sharplink, Inc. (NASDAQ:SBET) posted third-quarter net income of $751.4 million, as revenue climbed 24% year-on-year to $13.5 million.
The profit compared with $104.3 million a year earlier, largely reflecting gains from the company's Ether treasury.
“We are focused on maximizing the productivity of our ETH holdings,” Sharplink chief executive Joseph Chalom said in a statement.
Unrealised crypto gains contributed $676.7 million, while realised gains added $75.2 million during the quarter.
Staking revenue rose 27% to $13.1 million, accounting for most of Sharplink's quarterly revenue.
Sharplink held approximately 892,708 ETH on 30 September, increasing to 895,117 ETH by 2 November.
The company also completed a $200 million Lido staking allocation and began deploying capital through its $125 million Galaxy Sharplink Onchain Yield Fund.
Following the announcement, Sharplink shares were down 1.76% to $6.13.
