According to SharpLink's 2025 annual financial report, the Consensys-backed Ethereum treasury company experienced a net loss of $734 million in 2025, compared to a net profit of $10.1 million in 2024. The primary reason for this loss was the decline in the price of Ethereum (ETH) in the second half of the year, leading to corresponding accounting adjustments, including $616 million in unrealized losses and $140 million in LsETH impairment losses. Despite the book losses, SharpLink successfully raised approximately $3.2 billion in 2025, and its ETH holdings reached 864,597 at the end of the year. Since launching its treasury strategy in June 2025, the company has earned 14,516 ETH in staking rewards through native staking and liquid staking. In addition, the company's institutional ownership 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)
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