SharpLink Gaming stock fell nearly 15% as the company reported a staggering net loss of $103 million for Q2 2025, in stark contrast to a $12 million net income during the same quarter last year. Total revenue was reported at $1.4 million, a 30% decline year-over-year, with a gross profit of only $300,000, marking a 50% decrease from the previous half-year. This disappointing financial performance coincided with Ethereum’s price dropping below $4,400, influenced by global economic concerns and inflation data. The company attributed part of its losses to an $87.8 million non-cash impairment loss on its tokenized Ethereum holdings and $16.4 million in stock-based compensation related to its advisory agreement with Consensys. SharpLink now holds a significant stash of 728,804 ETH, valued at approximately $3.23 billion. This earnings report marks the company’s first since its shift toward an Ethereum-centric strategy introduced in May, which raises investor anxieties about its long-term outlook.

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