Gate News, March 10 — SharpLink released its 2025 annual financial report. Supported by Consensys, this Ethereum treasury company recorded a net loss of $734 million in 2025, compared to a net profit of $10.1 million in 2024. The loss was mainly due to accounting adjustments caused by the decline in ETH prices in the second half of the year, including $616 million in unrealized losses and $140 million in LsETH impairment losses. Despite the accounting losses, SharpLink raised approximately $3.2 billion in funding in 2025, with holdings reaching 864,597 ETH by the end of the year. Since launching its treasury strategy in June 2025, the company has earned 14,516 ETH in staking rewards through native and liquid staking. Additionally, the company’s institutional shareholding increased sharply from 6% at the beginning of the year to 46%. CEO Joseph Chalom stated that 2025 is a pivotal year for the company’s transformation into an institutional-level Ethereum treasury platform.