SharpLink Gaming stock experienced a nearly 15% drop following a disappointing Q2 earnings report, revealing a net loss of $103 million. This marks a drastic decline from the previous year's net income of nearly $12 million during the same quarter. The company's revenue fell to $1.4 million, a 30% decrease year-over-year, and gross profit dropped by 50%. These losses have been attributed primarily to a non-cash impairment loss of $87.8 million related to its LSE holdings and $16.4 million in stock-based compensation linked to its advisory agreement with Consensys. The decline in earnings coincided with a dip in Ethereum's price below $4,400, amidst geopolitical factors and economic uncertainty. SharpLink holds over 728,000 ETH, valued at approximately $3.23 billion, but the market's reaction to its earnings significantly affected its stock performance.

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