SharpLink's net loss in the second quarter exceeded $100 million, and its ETH holdings reached 728,800, almost all of which were pledged.
7hours ago
According to Odaily Planet Daily, SharpLink Gaming released its second-quarter 2025 financial report. The company has adopted ETH as its primary reserve asset, currently holding 728,804 ETH, nearly all of which is staked, and has earned a total of 1,326 ETH in rewards. The company reported a net loss of $103.4 million in the second quarter, primarily due to an $87.8 million non-cash impairment charge related to the price decline of LsETH assets and $16.4 million in non-cash equity incentives related to the Consensys strategic agreement. Revenue for the same period was $7 million, with a gross profit of $2 million. SharpLink has entered into a strategic partnership with Consensys to further advance its ETH asset management strategy.
Download Odaily App
Let Some People Understand Web3.0 First
