Although Sharplink’s treasury took a hit, the company signaled that revenue from staking jumped 50% quarter-over-quarter to $15.3 million from $10.3 million. So far, the company has generated 14,500 Ethereum worth $9.4 million from staking.
“2025 was a defining year for Sharplink,” CEO Joseph Chalom said in a shareholder letter, noting that the company raised around $3.2 billion amid its pivot.
The former BlackRock executive said “short-term market volatility” can impact the company’s results, but he argued that the firm is built in a way to weather crypto’s market cycles, including Ethereum’s swoon from nearly $5,000 in August.
“We have built a platform that can perform in both strong and challenging markets,” he added. “Our strategy is consistent and designed to endure.”
At the end of last year, the company held $30.4 million in cash and stablecoins.
Sharplink seeks revenue by participating in the process of validating transactions on Ethereum’s network, also known as staking. Beyond that, the firm has also deployed capital in decentralized finance protocols in search of higher yields.
The company currently holds 4 ETH per share. Sharplink has signaled boosting that metric further serves as its primary objective, among others like expanding partnerships within Ethereum’s ecosystem.
“The institutional adoption supercycle [...] accelerated in 2025,” he said. “Sharplink intends to remain uniquely positioned to serve as a bridge between traditional public markets and the Ethereum opportunity.”
