SharpLink Gaming's stock dropped nearly 15% after reporting a net loss of $103 million for Q2, contrasting with a net income of $12 million in the same quarter last year. The company, which focuses on an Ethereum-centered strategy, also reported revenues of $1.4 million, down 30% year-over-year. This downturn is attributed to a significant $87.8 million non-cash impairment loss on its tokenized LSE holdings, which is a stake in Ethereum, combined with $16.4 million in stock-based compensations due to an advisory agreement with blockchain firm Consensys. The stock's decline aligns with Ethereum's price dip below $4,400, which followed broader market concerns linked to U.S. economic data and geopolitical tensions. Currently, SharpLink holds 728,804 ETH, valued at approximately $3.23 billion.

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