SharpLink reports Q3 revenue up 24% YoY
Staking revenue rises 27% to $13.1M, with 895,117 ETH held and $200M allocated to Lido Finance
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Public Ethereum treasury and investment company
sharplink.comLast updated
In short: SharpLink deployed $500 million of ETH across Ethereum and partnered with Anchorage Digital on onchain yield.
Staking revenue rises 27% to $13.1M, with 895,117 ETH held and $200M allocated to Lido Finance
Revenue rises 24% to $13.5 million; earnings include $676.7 million unrealized and $75.2 million realized crypto gains, with about 892,708 ETH held.
It calls the setup first-of-its-kind; ETH earns higher yield onchain while staying with a qualified custodian, paving the way for more institutions.
Total revenue rose to $11.5 million while net loss widened to $394.3 million; the company held about 886,881 ETH.
The company's total revenue increased 24% quarter over quarter to $13.5 million, while its staking revenue grew to $13.1 million.
Revenue rose 25% as staking grew, while EPS surged on Ethereum gains.
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