Sharplink Q3 Profit Soars 620% Driven by Ether Treasury, but There’s a Catch
Key Highlights Sharplink expanded its Ethereum treasury to approximately 892,708 ETH (valued at $2.1 billion) as of September 30, later climbing to roughly 895,117 ETH by November 2. The firm deployed yield-generating strategies, including a $200 million staking allocation via Lido into wstETH and a joint $125 million fund with Galaxy Digital. Selling, general, and ...