SharpLink Gaming's stock fell nearly 15% after the company reported a net loss of $103 million for Q2, sharply declining from a profit of $12 million the previous year. The company's revenue also dipped 30%, totaling $1.4 million. This downturn is attributed to a significant non-cash impairment loss of $87.8 million related to its LSE holdings, alongside a $16.4 million stock-based compensation linked to a strategic advisory agreement with Consensys. The losses coincided with a drop in Ethereum's price, which fell below $4,400 due to various macroeconomic pressures. SharpLink currently holds a sizable Ethereum stash valued at over $3 billion, even as the crypto market experiences turbulence.

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