SharpLink Gaming stock experienced a significant decline of nearly 15% after the company reported a net loss of $103 million for the second quarter of 2025, in stark contrast to a net income of nearly $12 million during the same time the previous year. Revenue for the quarter was reported at $1.4 million, a decrease of 30% year-over-year. This downturn is attributable to a non-cash impairment loss related to its LSE holdings and substantial stock-based compensation costs from a strategic partnership with Consensys. The company's management clarified that the losses primarily resulted from accounting practices rather than operational failures. Additionally, Ethereum's price fell below $4,400 amid geopolitical uncertainties and macroeconomic factors, impacting SharpLink's asset valuation since the company holds approximately 728,804 ETH, valued at about $3.23 billion.

Source 🔗