SharpLink Gaming stock fell nearly 15% after posting a net loss of $103 million for Q2, contrasting with a net income of nearly $12 million in the same quarter last year. Revenue declined by 30% to $1.4 million, with a gross profit of $0.3 million—a 50% drop year-over-year. The loss included an $87.8 million non-cash impairment related to tokenized ETH staked on the Ethereum network and $16.4 million in stock-based compensation tied to a strategic advisory deal with Consensys. These results follow a decline in Ethereum's price below $4,400 amidst broader economic concerns, which came shortly after it hit a record high. SharpLink holds a significant 728,804 ETH, currently valued at approximately $3.23 billion.

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