SharpLink Gaming's stock fell nearly 15% following the company’s announcement of $103 million in net losses for Q2, contrasting sharply with a net income of $12 million in the same quarter last year. Revenue decreased 30% to $1.4 million, and gross profit dropped by 50% compared to the previous year. This downturn is attributed to a significant non-cash impairment loss of $87.8 million on its LSE holdings and stock-based compensation totaling $16.4 million tied to a strategic advisory agreement. Despite the loss, SharpLink continues to hold 728,804 ETH, valued at approximately $3.23 billion. The stock’s decline also coincided with a drop in Ethereum’s price, which fell below $4,400 amid geopolitical tensions and adverse economic indicators. Market analysts suggest that ongoing trends impacting Ethereum funds, which have seen substantial inflows, could continue to influence related stock prices and market behaviors in the near term.

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