SharpLink Gaming stock fell nearly 15% after the company reported a substantial net loss of $103 million for Q2 2025, a sharp decline from a profit of $12 million the previous year. The revenue also dropped by 30% to $1.4 million. This plunge follows a non-cash impairment loss related to its Ethereum holdings. Coupled with geopolitical uncertainties and economic data impacting Ethereum's value, which dropped below $4,400, the company's pivot to an Ethereum-centered strategy seems less favorable. The firm currently holds over 728,000 ETH, valued at approximately $3.23 billion. As the market adjusts, investor sentiment appears shaky, with the stock trading at $20.04 during intraday trading.

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