SharpLink Gaming stock plummeted nearly 15% after the company reported a significant net loss of $103 million for Q2 2025, in stark contrast to a net income of nearly $12 million in the same period last year. The firm attributed its losses to a non-cash impairment of $87.8 million related to its holdings in a tokenized form of staked ETH, as well as stock-based compensation costs of $16.4 million linked to a strategic advisory agreement. The company’s revenue also suffered, falling 30% year-over-year to $1.4 million, with a gross profit decrease of 50%. Concurrently, Ethereum's price fell below $4,400, reflecting broader market uncertainties and concerns over U.S. economic data. SharpLink holds 728,804 ETH valued at roughly $3.23 billion, but ongoing challenges in the cryptocurrency market continue to weigh down its performance.

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