SharpLink Gaming, Inc. (Nasdaq: SBET), one of the world’s largest corporate holders of Ether (ETH), announced highly encouraging financial results and a major expansion of its Ethereum treasury strategy.
The performance and the plan
SharpLink reported a sharp rise in net income to approximately $104.3 million for the third quarter of 2025, driven by the strong performance of its actively managed ETH treasury. This massive increase (up over 1,100% from the previous year) validates the corporate strategy of holding and actively managing digital assets.
The company significantly increased its ETH per share concentration from 2.0 to 4.0 since the inception of its treasury strategy. As of November 9, 2025, the total crypto assets amounted to approximately $3.0 billion, with total ETH holdings reaching 842,084 ETH.
Targeting enhanced DeFi yields
In its most ambitious move, SharpLink announced its intention to allocate an additional $200 million in ETH for deployment on Consensys’ Linea platform via ether.fi and EigenCloud. This strategy is designed to responsibly generate enhanced Ethereum DeFi yields through advanced staking and restaking protocols.
This aggressive posture by a Nasdaq-listed firm reinforces the narrative that institutions are moving beyond simple crypto accumulation to actively participate in the DeFi ecosystem for superior yield generation, treating Ethereum as a core infrastructure asset for high-value financial services.