SharpLink Gaming stock fell nearly 15% after the company reported a net loss of $103 million for Q2 2025. This was a sharp decline from a net income of nearly $12 million during the same quarter the previous year. Revenue also dropped 30% year-over-year to $1.4 million. The losses were attributed to a non-cash impairment loss on LSE holdings worth $87.8 million and $16.4 million in stock-based compensation related to a strategic advisory deal with ConsenSys. SharpLink's Ethereum treasury reportedly consists of 728,804 ETH, valuing approximately $3.23 billion. The decline in stock value coincided with Ethereum's price dipping below $4,400 amid geopolitical uncertainties and economic data concerns. This event marks SharpLink's first earnings report after transitioning to an Ethereum-focused strategy in May.

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