SharpLink reported a net profit of $104.3 million in the third quarter, and its ETH holdings increased to 861,000.

According to an official announcement, SharpLink Gaming (SBET), a US-listed ETH-based financial company, released its Q3 2025 financial report. The company's net profit surged to approximately $104.3 million, with earnings per share of $0.62, compared to a net loss of $885,000 in the same period last year.

As of September 30, SharpLink held approximately 817,700 ETH, which increased to 861,250 ETH as of November 9. Total revenue for the third quarter was approximately $10.8 million, representing a year-over-year increase of over 1100%. The company's total crypto assets were approximately $3 billion, with $11.1 million in cash and $26.7 million in USDC stablecoins.

On the operations front, the board approved a $1.5 billion stock repurchase program, and has already repurchased 1.938 million shares at a cost of $31.6 million. The company also announced a $200 million ETH deployment on Consensys' Linea Layer 2 network, leveraging ether.fi and EigenCloud for enhanced returns. Co-CEO Joseph Chalom stated that the company's ETH per share ratio has increased from 2.0 to 4.0.