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Sharplink's Q3 profit jumps 620% to $751M, driven by crypto gains but with modest revenue growth.

Protocol Fundamentals
10 Nov 2026, 01:05 WIB
Bitcoin
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Bullish
Sharplink's Q3 profit jumps 620% to $751M, driven by crypto gains but with modest revenue growth.

Sharplink reported a Q3 net income of $751.4 million, a more than sevenfold increase year-over-year, primarily due to $676.7 million in unrealized cryptocurrency gains. Revenue grew modestly by 24% to $13.5 million, mostly from staking activities on Ethereum, which rose 27%. The company is expanding its Ethereum holdings and deploying capital into yield-generating opportunities, including a $125 million fund with Galaxy Digital. Despite strong profit growth, most gains are unrealized, highlighting reliance on asset appreciation rather than cash flow.

Ether Treasury Sharplink's Q3 profit surge is notable; for readers following cryptocurrency markets, here is Pluang's market snapshot as of Nov 10, 2026 05:51 WIB: Out of 50 major cryptocurrencies priced on Pluang, 41 rose and 7 fell today. Leading gainers include ENJ (Enjin Coin) at Rp423 with a 7.04% increase and 100% buy orders, FIL (Filecoin) at Rp14,067 up 6.96% with 99% buy orders, and THETA (Theta Network) at Rp2,587 rising 6.72% with 100% buy orders. Typical hold times range from 78 to 106 days.

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