Overview
- Revenue reached approximately $10.8 million in Q3 2025, up about 1,100% year over year, with net income of roughly $104.3 million.
- ETH holdings rose from about 817,747 on September 30 to 861,251 as of November 9, with nearly all assets deployed into yield-generating strategies.
- Total crypto assets were approximately $3.0 billion at quarter end, alongside $11.1 million in cash and $26.7 million in USDC.
- The company detailed a custody-backed plan to deploy $200 million of ETH to ConsenSys’ Linea via ether.fi and EigenCloud to pursue enhanced DeFi yields.
- Capital actions included a $76.5 million registered direct offering priced at a 12% premium, a $1.5 billion repurchase authorization with $31.6 million completed, tokenized SBET shares with Superstate, and new executive hires.