Supported by Consensys, the Ethereum vault company SharpLink Inc. announced its full-year 2025 performance, with ETH holdings growing rapidly that year, but also incurring significant accounting losses. The company raised $3.2 billion and held 864,597 ETH at the end of the year, earning 14,516 ETH through staking rewards. Its "ETH per share" metric doubled to over 4.0. However, the company reported a net loss of $734.6 million, mainly due to $616 million in unrealized losses and $140 million in impairment expenses related to ETH price declines. Driven by staking operations, the company's revenue increased to $28.1 million, and institutional ownership rose from 6% to 46%.