SharpLink Gaming's stock dropped nearly 15% following the company's disappointing Q2 earnings report, which revealed a net loss of $103 million—a significant decline from a net income of $12 million during the same period last year. The company's revenue of $1.4 million also marked a 30% decrease compared to the previous year. The downturn in earnings was attributed to a non-cash impairment loss of $87.8 million on its LSE holdings, coupled with stock-based compensation costs linked to a strategic advisory agreement with Consensys. Concurrently, Ethereum's price fell below $4,400, retreating from a record high of over $4,800 earlier, influenced by geopolitical uncertainties and economic data. SharpLink currently holds 728,804 ETH valued at approximately $3.23 billion, asserting its focus on an Ethereum-centered corporate strategy initiated earlier this year.

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