Sharplink, Inc.

Good morning, everyone, and thank you for participating in today's conference call to discuss Sharplink's financial and operating results for the third quarter ended September 30th, 2025. By now, everyone should have access to the third quarter 2025 earnings press release, which was issued yesterday afternoon at approximately 4.05 p.m. Eastern Time. The release is available in the investor relations section of Sharplink's website. This call will also be available for webcast replay on the company's website. Following management's remarks, we'll open the call up for Q&A. I will now hand the call over to Sharpling's Vice President of Business and Legal Affairs, Dodie Handy. Please go ahead.

Thank you, Operator. Please see Sharpling's quarterly report on Form 10-Q filed yesterday with the SEC and the earnings press release which crossed the wire yesterday afternoon. These documents list some of the factors that may cause the results of Sharplink to differ materially from what we see today and which identify some of the risks and uncertainties that could affect our business, prospects, and future results. Sharplink assumes no duty and does not undertake to update any forward-looking statements. Any forward-looking statements made by us during this call is based only on information currently available to us and speaks only as of the date when it is made. In addition, we may be discussing or providing certain metrics today, such as ETH concentration that are not GAAP metrics. Please see our earnings press release and SEC filings for further information regarding these metrics. To set the agenda for today's call, We will begin with Sharplink's chairman, co-founder of Ethereum, and founder and CEO of ConsenSys, Joseph Lubin, who will provide a broader perspective on Ethereum's continued growth, institutional adoption, and the evolving regulatory landscape shaping the digital asset economy. Next, co-chief executive officer, Joseph Shalom, will discuss Sharplink's progress and execution of its ETH treasury strategy, highlighting key achievements from the quarter and our areas of primary focus in the quarters ahead. Then, Rob Fissian, Co-Chief Executive Officer, will share an update on SharpLink's affiliate marketing business. He'll then be followed by Chief Financial Officer Bob DeLucia, who will be recapping the third quarter 2025 financial results and key performance metrics related to SharpLink's ETH strategy. I would now like to turn the call over to Sharplink's Chairman of the Board, Joseph Lubin. Joe, the floor is yours.

Thank you, Dodie. Good morning, everyone. I am the Chairman of Sharplink, and as many of you know, also a co-founder of Ethereum and the CEO and founder of ConsenSys, a leading Ethereum software development company. ConsenSys is a Sharplink strategic advisor offering support across a broad range of topics from product collaboration, market education, protocol due diligence, and more. The strategic connectivity between ConsenSys and Sharplink gives Sharplink stockholders unique competitive advantages relative to other ETH digital asset treasuries. Stockholders are starting to see early examples of this, such as the staking collaboration between Consensus and Sharplink that we announced in October to provide enhanced levels of risk-adjusted yield on a portion of our ETH capital. Beyond this unique partnership, we're seeing incredible tailwinds that I can only describe as a massive acceleration of an institutional adoption supercycle. Wall Street and other institutions, including our own government in the US, are fully embracing the Ethereum opportunity. Just over the past few months, we've seen major accelerants to this adoption. These include the SEC's project crypto announcement to support bringing capital markets on-chain as a national competitive advantage, the passage of the Genius Act to create a regulatory framework for stablecoin adoption, JP Morgan announcing that they will allow institutional clients to use their Ether holdings as collateral for loans. Governments in Japan and South Korea announcing the launch of their local currency-denominated stablecoins on Ethereum, where the bulk of the global stablecoin activity resides. Alibaba announcing the launch of their Layer 2 network built on Ethereum. At their Sibos annual meeting five weeks ago, the Swift CEO announced as a focus of his keynote that they are working with ConsenSys to build the Swift ledger using Linea, ConsenSys' Layer 2 Ethereum technology. It was clear to everyone at Sibos that traditional finance was now moving rapidly to onboard itself onto Ethereum and various aspects of decentralized finance. And in parallel to SWIFT's adoption, the DTCC and other central securities depositories around the world, major stock exchanges and banks like JP Morgan and Deutsche Bank, are just a few of the major financial institutions that are building on Ethereum. I will restate our long-term thesis. Ethereum is becoming mainstream global trustware. a new kind of software platform that eliminates some traditional risks and inefficiencies and guarantees execution as advertised. And Ether is the institutional grade trust commodity that is powering transactions, agreements, and systems on the next generation financial infrastructure. It then continues to extend its massive lead in the smart contract platform space, as Ethereum dominates the flows across stablecoins, tokenized real-world assets, and high-quality DeFi liquidity. This institutional adoption supercycle is underway, and it is now finally supported by our regulators. Joseph Shalom and I both attended and presented this week at a very high-quality Cantor crypto event organized by Cantor Fitzgerald. It brought together many of the leading U.S. regulators and legislators with top-tier founders, C-suite execs, and investors for a wide range of presentations and discussions. The institutions are present in force and accelerating their activities in the Ethereum ecosystem. Ethereum has done the hard part, implementing the strongest security, attracting the most validators and the largest developer community, while maintaining the most rigorously decentralized network. all with a track record of 100% uptime for over 10 years since inception. This has resulted in Ethereum becoming the home of most of the DeFi liquidity in the ecosystem. Now, to support institutional adoption and high transaction volume, in addition to the massive scaling provided by the Ethereum Layer 2 networks, we're witnessing step function improvements in Ethereum's Layer 1 mainnet transaction throughput, scalability, and efficiency. Further improvements are coming with Ethereum's Fusaka upgrade in December, which will unlock even further, much more regular parallel scaling upgrades to support the growing demand from institutions to drive transactions and value on Ethereum's mainnet. We at Sharplink are executing in anticipation of a future where Ethereum becomes the settlement layer for trillions of dollars in tokenized assets, real-world instruments, and on-chain liquidity, increasing ETH per share for our investors. As a co-founder of Ethereum, I've witnessed great cyclicality and volatility in the price of digital assets, including ETH. It should not distract us from the secular paradigm shift that is now going mainstream. Sharplink is perfectly positioned to build value for shareholders at the confluence of technological scaling and maturity, regulatory clarity, and institutional adoption of Ethereum. I'd like now to turn the call over to our co-chief executive officer, Joseph Shalom, to walk through how we're positioned during this important moment in the Ethereum journey and share our third quarter operational updates. Joseph?