SharpLink Gaming's stock plummeted nearly 15% following the company's report of a $103 million net loss for Q2, contrasting sharply with a $12 million profit from the same period last year. The reported revenue was $1.4 million, down 30% year-over-year. The loss was largely attributed to an $87.8 million non-cash impairment related to its LSE holdings and $16.4 million in stock-based compensation costs. The company's challenges coincided with Ethereum's price dip below $4,400 amid broader economic concerns, including inflation data and geopolitical tensions. Currently, SharpLink holds 728,804 ETH, equivalent to approximately $3.23 billion at market rates.

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