SharpLink Gaming's stock plummeted nearly 15% following the announcement of a $103 million net loss for the second quarter of 2025. This stark decline contrasts sharply with the previous year, where the company recorded a $12 million profit during the same period. The company's revenue also fell by 30% year-over-year to $1.4 million, while the gross profit decreased by 50% compared to the first half of last year. SharpLink's hefty losses were attributed to a significant non-cash impairment loss on its tokenized staked ETH holdings and substantial stock-based compensation expenses. This disappointing earnings report comes amid a broader dip in Ethereum's price, which fell below $4,400, down from a recent high of above $4,800, influenced by various macroeconomic factors and concerns over geopolitical events. SharpLink holds approximately 728,804 ETH, valued at over $3.23 billion at current prices.

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