According to CoinMeta, SharpLink released its third-quarter financial report, showing a net profit of $751 million and revenue that increased by 24% year-on-year to reach $13.5 million. Among this, the income from staking amounted to $13.1 million, a year-on-year increase of 27%. The profit growth mainly stemmed from unrealized gains of $677 million due to the increase in the fair value of the ETH holdings, as well as realized earnings from encrypted assets amounting to $75.2 million. Administrative expenses were $11 million, a decrease of 8% compared to the same period last year. As of September 30th, SharpLink held $47.9 million in cash and cash equivalents.