SharpLink Gaming stock fell nearly 15% on August 15, 2025, following disappointing Q2 earnings. The Ethereum treasury company reported a net loss of $103 million for the three-month period ending June 30, a stark contrast to near $12 million net income from the previous year. Revenue dropped by 30% to $1.4 million, while gross profit decreased by 50% to $0.3 million compared to the first half of the previous year. The losses were attributed largely to a $87.8 million non-cash impairment loss on LSE holdings and stock-based compensation costs associated with a strategic advisory agreement with ConsenSys, amounting to $16.4 million. This earnings report comes after the firm transitioned to an Ethereum-centered strategy earlier in May. Meanwhile, Ethereum’s price dipped below $4,400 after reaching record highs, influenced by geopolitical uncertainties and economic data. SharpLink holds approximately 728,804 ETH, valued at around $3.23 billion.

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