SharpLink Gaming's stock fell 15% after reporting a net loss of $103 million for Q2, contrasting with a net income of nearly $12 million in the same quarter last year. The company's revenue also decreased by 30% to $1.4 million, marking a significant drop in gross profit. Factors contributing to the losses included an $87.8 million non-cash impairment loss on its LSE holdings and $16.4 million in stock-based compensation related to an agreement with blockchain firm Consensys. These developments coincide with Ethereum's price retreat below $4,400 after peaking at over $4,800, influenced by broader economic concerns. SharpLink currently holds approximately 728,804 ETH, valued at around $3.23 billion.

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