SharpLink’s Q3 Revenue Explodes 1,100% to $10.8M—Here’s Why Traders Are Paying Attention

SharpLink just dropped a financial moonshot—and Wall Street’s scrambling to adjust its spreadsheets.

The numbers don’t lie: A 1,100% revenue surge rockets Q3 earnings to $10.8 million, turning 'growth stock' into an understatement.

Behind the boom: While legacy finance firms nickel-and-dime clients with 1% yield products, SharpLink’s performance reads like a crypto bull market fever dream (minus the SEC subpoenas).

Bottom line: When a company outpaces Bitcoin’s best quarterly runs, even the suits start watching—though they’ll probably call it 'disruptive innovation' to avoid admitting FOMO.

SharpLink deploys ETH and expands leadership roles

Co-CEO Joseph Chalom said “the third quarter of 2025 marked our first full quarter executing on SharpLink’s ETH treasury strategy, and the results clearly validate our execution.”

Joseph said this in the company’s press release as he talked about how the ETH plan influenced the quarter. SharpLink also hired Matthew Sheffield as Chief Investment Officer, Mandy Campbell as Chief Marketing Officer, and Michael Camarda as Chief Development Officer.

The company said the stock delivered a 249% return over the past six months while still dealing with sharp retreats from recent highs. The company also reminded investors that a conference call will take place at 8:30 AM ET today.

SharpLink said it is working with Consensys to push $200 million worth of ethereum onto Linea. Linea is a zkEVM Layer 2 network, and the company said the goal is to access staking rewards linked to Ethereum activity.

After the October capital raise, the company said it increased its holdings to 859,853 ETH by buying 19,271 ETH. The company said the capital raise brought in $76.5 million in gross proceeds and that the deal priced at a premium to net asset value.

Analysts weighed in after the financial update. Bernstein started coverage with an Outperform rating and a $24 target. B. Riley began coverage with a Buy rating and a $32 target.

Citizens issued a Market Outperform rating with a $50 target. All three analyst firms pointed to the company’s ETH activity and its reported numbers when explaining the new targets.

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