Overview
- The company said the result was driven by about $616 million in unrealized ETH losses plus roughly $140 million in impairment on staked tokens, partially offset by around $55 million in conversion gains.
- Sharplink now holds about 867,000 ETH and ranks as the second‑largest publicly traded Ethereum holder.
- Fourth‑quarter staking revenue reached $15.3 million, up roughly 50% from Q3, with full‑year revenue around $28 million.
- Since launching the ETH treasury in June, the firm has earned about 14,500 ETH in staking rewards and reports roughly 4 ETH per share with an aim to keep increasing that metric.
- Year‑end liquidity stood near $30 million in cash and stablecoins, while shares were little changed on the day and are down about 55% over the past six months.