SharpLink shares slip despite record $751 million profit in Q3

SharpLink (NASDAQ: SBET) has reported its most profitable quarter ever on Monday, November 9, 2026. The company, which is one of the largest corporate holders of Ether (ETH), recorded a net income of $751.4 million. However, the announcement did not swing investors in the bullish direction as SharpLink’s shares fell by roughly 4% in premarket trading. Analysts are saying that is a sign that investors are treating the windfall, which is built almost entirely on paper ETH gains, with caution. Where did the $751 million come from? The company earned $3.45 per diluted share for the third quarter of 2026, which ended September 30, up from $104.3 million, or $0.62 a share, a year earlier.

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