SharpLink Gaming's stock plummeted nearly 15% following the company's announcement of a $103 million net loss for Q2 2025. This loss is a stark contrast to the nearly $12 million income during the same quarter last year. Revenue dropped by 30% year-on-year, totaling $1.4 million. The significant loss was attributed to an $87.8 million non-cash impairment on its LSE holdings, alongside $16.4 million in stock-based compensation related to a deal with blockchain firm Consensys. During an earnings call, CFO Robert DeLucia emphasized that this impairment is a non-cash loss, in line with current accounting practices. The decline in SharpLink's stock price came as Ethereum dipped below $4,400, following a peak of over $4,800 just days prior. The broader context included economic pressures, including hotter-than-expected U.S. inflation data, which contributed to the decline in Ethereum’s price. As of the time of writing, SharpLink holds over 728,000 ETH, valued at roughly $3.23 billion.

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