Sharplink Reveals 864,597 Ethereum Holdings in 2025 Annual Report
Sharplink reports a $734.6 million net loss for 2025 driven by ETH price declines and LsETH impairments, while raising $3.2 billion and maintaining over 864,000 ETH holdings by year-end.
ETH
LSETH
Fact Check
The claim is directly supported by Sharplink's official 2025 financial results press release. The reported net loss of $734.6 million and the total ETH holdings of 868,699 (as of March 1, 2026, reported with the 2025 results) match the official data exactly. The reasons for the loss—unrealized ETH valuation declines and staking asset impairments—are also explicitly stated in the official report.
Summary
Sharplink, listed on Nasdaq, disclosed a GAAP net loss of $734.6 million for 2025, reversing a $10.1 million profit in 2024. The loss arose from $616 million in unrealized ETH declines and $140 million in LsETH impairments. The company raised $3.2 billion and held 864,597 ETH by year-end, reflecting continued focus on Ethereum accumulation.
Terms & Concepts
- Ethereum (ETH): A leading blockchain platform supporting decentralized applications and smart contracts.
- Staking: Locking cryptocurrency assets to help secure the network and earn rewards.
- Liquid Staking (LsETH): A mechanism allowing staked ETH to remain tradeable via derivative tokens while earning staking rewards.