SharpLink Reports $734 Million Net Loss in 2025, ETH Holdings Continue to Rise

Odaily News: According to SharpLink's 2025 annual financial report, the Consensys-backed Ethereum treasury company recorded a net loss of $734 million in 2025, compared to a net profit of $10.1 million in 2024. The loss was primarily due to accounting adjustments resulting from the decline in ETH prices in the second half of the year, including $616 million in unrealized losses and $140 million in impairment losses on LsETH. Despite the paper loss, SharpLink raised approximately $3.2 billion in funds in 2025, with year-end holdings reaching 864,597 ETH. Since launching its treasury strategy in June 2025, the company has earned 14,516 ETH in staking rewards through native staking and liquid staking. Furthermore, the company's institutional ownership ratio surged from 6% at the beginning of the year to 46%. CEO Joseph Chalom stated that 2025 was a pivotal year for the company's transformation into an institutional-grade Ethereum treasury platform. (The Block)