SharpLink Gaming stock fell nearly 15% after the company reported a $103 million net loss for Q2 2025, a stark contrast to a $12 million profit during the same quarter last year. Revenue dropped 30% to $1.4 million, highlighting significant operational struggles. The decline is attributed to a non-cash impairment loss of $87.8 million related to its LSE holdings, which are tokenized staked ETH, alongside $16.4 million in stock-based compensation. This disappointing financial report comes as Ethereum's price dipped below $4,400 amid geopolitical uncertainties and less favorable U.S. economic data. The company currently holds 728,804 ETH, valued at $3.23 billion. The downturn in stock prices reflects broader market volatility and the challenges faced by cryptocurrency-related sectors during economic fluctuations.

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