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Sharplink's Q3 net profit soars 620% to $751M, driven by Ethereum gains and staking growth.

Market News
10 Nov 2026, 11:20 WIB
Cointribune
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Bullish
Sharplink's Q3 net profit soars 620% to $751M, driven by Ethereum gains and staking growth.

Sharplink reported a net profit of $751.4 million in Q3 2026, a 620% increase from the previous year, mainly due to unrealized gains on its Ethereum holdings, which total 895,117 ETH. Nearly 90% of the profit comes from valuation increases rather than cash sales. The company is also expanding its staking activities, generating $13.1 million in quarterly revenue, up 27% year-on-year. Despite impressive quarterly profits, Sharplink still has a cumulative net loss for the first nine months of 2026, reflecting the volatility of Ethereum prices that heavily impact its results. The company plans to continue growing its Ethereum-based revenue streams and infrastructure investments.

Sharplink's reported net profit surged 620% to $751.4 million in Q3 2026 on Ethereum valuation gains. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Nov 10, 2026 16:21 WIB: out of 50 major cryptocurrencies, 37 rose and 12 fell. Notable movers include COTI at Rp174 (+3.70%), THETA at Rp2.575 (+3.29%), and FIL at Rp13.954 (+3.10%), with typical hold times ranging from 78 to 122 days and strong buy order activity.

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