Ethereum treasury firm Sharplink reported a steep annual loss after a volatile year for the cryptocurrency market, even as the company continued expanding its Ether holdings. The company revealed on Monday that it recorded a $734.6 million net loss for 2025. The loss was largely tied to a sharp decline in the value of Ether during the second half of the year. Sharplink has built a sizeable crypto reserve since shifting its business model in 2025. The firm maintains that its strategy focuses on navigating market cycles while gradually increasing Ether held per share and improving the long term productivity of its digital asset treasury. Crypto losses tied to ether holdings Most of Sharplink’s losses came from a $616.
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