Ethereum News Update: SharpLink's Cryptocurrency Gamble Yields $104M in Profits, Surpassing Expectations
SharpLink Gaming, Inc. (Nasdaq: SBET) posted a net profit of $104.3 million for the third quarter of 2025, marking a significant shift from the $885,000 net loss reported during the same quarter last year, as detailed in a
The company’s Ethereum reserves grew substantially, increasing from 817,747 ETH as of September 30, 2025, to 861,251 ETH by November 9, 2025, as reported in a
SharpLink’s bold approach to capital deployment includes a $1.5 billion stock buyback plan approved in August 2025. By the end of September, the company had repurchased 1.9 million shares for $31.6 million, as stated in the
The company also revealed a partnership with Superstate in September to tokenize its shares on Ethereum, along with a collaboration with Consensys to deploy ETH on Linea, a zkEVM Layer 2 network, as noted in the
A conference call is set for November 13, 2025, at 8:30 AM ET to share additional information, according to the
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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