SharpLink Gaming stock fell nearly 15% after the company reported a $103 million net loss for the second quarter of 2025, a significant drop from a $12 million net income during the same period last year. The decline in revenue, amounting to $1.4 million, represents a 30% decrease year-over-year, accompanied by a gross profit drop of 50% from the first half of the previous year. Executives attributed the loss to a substantial non-cash impairment related to their Ethereum holdings and stock-based compensation. On the same day, Ethereum's price dipped below $4,400, following a strong run, influenced by geopolitical tensions and economic data. Despite the loss, SharpLink holds a significant Ethereum treasury valued at approximately $3.23 billion.

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