SharpLink Gaming stock fell nearly 15% following the company’s announcement of a $103 million net loss for Q2 2025. This significant loss contrasts sharply with the nearly $12 million profit recorded in the same quarter the previous year. Revenue also dropped by 30% year-over-year, reaching just $1.4 million. These results were linked to an impairment loss on Ethereum holdings and stock-based compensation costs. Additionally, Ethereum's price dipped below $4,400, a drop that happened amidst broader economic uncertainties and news of geopolitical events. With a current holding of 728,804 ETH worth approximately $3.23 billion, SharpLink's strategic pivot to an Ethereum-focused corporate model faces pressure in a volatile market environment. CFO Robert DeLucia emphasized that the reported losses included non-cash impairments and highlighted the need for adherence to current accounting practices. Investors are closely watching these developments as they could impact future valuations and market strategies.

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