SharpLink Gaming stock plummeted nearly 15% as the company reported a net loss of $103 million for Q2 2025, a dramatic shift from a net income of about $12 million during the same period last year. The company's revenue also dropped by 30% year-over-year, bringing in $1.4 million with a 50% decline in gross profit from the previous year. The losses stemmed from an $87.8 million non-cash impairment related to its LSE holdings, linked to tokenized staked ETH, and significant stock-based compensation agreements totaling $16.4 million. These results come amidst Ethereum's price decline below $4,400, following a brief surge that peaked at over $4,800, influenced by economic data and geopolitical uncertainty. SharpLink holds 728,804 ETH, valued around $3.23 billion, amid these market fluctuations.

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