SharpLink Reports $28M Revenue as Ethereum Holdings Reach 868,699 ETH
SharpLink reported $28.1 million in annual revenue as the company continues transforming into an institutional-grade Ethereum treasury firm. The growth was largely supported by staking income and on-chain activities tied to its expanding ETH reserve strategy.
The company now holds approximately 868,699 ETH, making it one of the largest publicly traded Ethereum holders. Its strategy focuses on increasing ETH per share and generating yield through staking and other blockchain-based financial activities.
Despite strong revenue growth, SharpLink reported a large accounting loss after the price of Ether declined during the year. Most of the loss was tied to unrealized valuation changes on its ETH holdings, though the firm says it plans to continue expanding its Ethereum treasury over the long term.
Clever Robot News Desk 13th March 2025
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