Sharplink Q1 Revenue Hits $12.1 Million, Up 16x Year-Over-Year

According to The Block, Sharplink reported first-quarter 2026 revenue of $12.1 million on Monday, a sharp increase from $742,000 in the same period last year. The company attributed the growth primarily to staking income from its treasury strategy.

Despite the revenue surge, Sharplink posted a net loss of nearly $686 million in Q1, mostly from unrealized losses tied to ether price declines. The company holds 872,984 ETH as of May 4, worth approximately $2.4 billion at current prices.