Ethereum treasury company Sharplink's Q3 net income reached $751.4 million

According to TechFlow, on November 9, The Block reported that Ethereum treasury company Sharplink posted Q3 revenue of $13.5 million and net income of $751.4 million, compared with $104.3 million in the same period last year. The profit was mainly driven by $676.7 million in unrealized gains from ETH holdings and $75.2 million in realized gains from crypto assets.

As of September 30, Sharplink held approximately 892,708 ETH, with total crypto assets valued at about $2.1 billion. The company also completed allocating $200 million of ETH for staking through Lido and began deploying capital through its $125 million Galaxy Sharplink On-Chain Yield Fund.

Source: TechFlow