Sharplink Reiterates Ether Conviction Despite 2025 Market Sell-Off
Sharplink reported a $734.6 million net loss for 2025 due to an Ether market decline, yet remains committed to buying more ETH.Summary
Ethereum treasury company Sharplink posted a $734.6 million net loss for 2025, largely driven by a $616.2 million paper loss on its 868,699 Ether holdings following a significant market crash in October.
Despite the GAAP financial impact from volatility, Sharplink, chaired by Ethereum co-founder Joseph Lubin, affirmed its long-term strategy to increase its ETH per share ratio, which more than doubled in 2025. The firm pivoted from sports betting marketing to a digital asset treasury in June 2025.
Total revenue still jumped 659% to $28.1 million, and the company secured $3.2 billion in funding, making it the second-largest publicly traded Ethereum holder after BitMine Immersion Technologies. Sharplink's stock (SBET) has been volatile, declining over 50% in the last six months.
(Source：Cointelegraph)