SharpLink's net profit in the third quarter was 751 million USD, with revenue increasing by 24% year-on-year

SharpLink's revenue for the third quarter was 13.5 million USD, a year-on-year increase of 24%, with staking revenue at 13.1 million USD, a year-on-year increase of 27%. The company's net profit for the quarter was 751 million USD, with a diluted earnings per share of 3.45 USD; net profit for the same period last year was 104 million USD. The net profit mainly came from 677 million USD in unrealized gains due to the increase in the fair value of held ETH, as well as 75.2 million USD in realized gains from cryptocurrency assets. Management expenses were 11 million USD, a year-on-year decrease of 8%; as of September 30, the company held cash and cash equivalents of 47.9 million USD.