SharpLink Gaming stock dropped nearly 15% on August 15, 2025, after reporting a substantial loss of $103 million for the second quarter. The firm, which pivots to an Ethereum-centric strategy, saw revenue decline by 30% year-over-year to $1.4 million, with a gross profit of only $0.3 million, reflecting a 50% decrease. The losses were attributed to a significant non-cash impairment loss of $87.8 million from its LSE holdings, along with a $16.4 million expense from a compensation agreement with blockchain infrastructure firm Consensys. This report marked SharpLink's first earnings announcement since its strategic shift was revealed in May. Concurrently, Ethereum's price fell below $4,400, contributing to negative market sentiment just as the cryptocurrency previously surged to over $4,800. With SharpLink currently holding 728,804 ETH valued at approximately $3.23 billion, the company's performance has raised concerns, particularly amid economic uncertainties and fluctuating crypto markets.

Source 🔗