Holding nearly 890,000 ETH, crypto assets valued at approximately $1.4 billion under GAAP, Sharplink's Q2 revenue rose to $11.5 million but net loss reached $394 million
2026-08-10 11:51
Odaily News: Sharplink announced its financial and operational results for the second quarter and first half of the fiscal year ending June 30, 2026. The company's Q2 revenue reached $11.5 million, compared to $0.7 million in the same period last year; net loss was $394 million, versus a loss of $103 million in the prior-year period. This includes $321 million in non-cash unrealized losses and $76.1 million in impairments related to LsETH/weETH. The company stated that these losses primarily stem from changes in accounting valuation and did not affect the actual amount of ETH held.
As of June 30, Sharplink held approximately 887,000 ETH, with crypto assets valued at around $1.4 billion under U.S. GAAP. As of August 3, the company's ETH holdings increased to approximately 889,000. During the same period, the company's cash and cash equivalents stood at $56.2 million, up from $28.5 million at the end of 2025.
Recently, Sharplink completed a $75 million registered direct offering and purchased approximately 10,000 ETH at around $1,611 per ETH. Meanwhile, the company repurchased approximately 2.1 million shares of common stock at an average price of approximately $4.70 per share, totaling about $10 million. Since August 2025, the company has repurchased approximately 4.07 million shares in aggregate, for a total of approximately $41.7 million.
In addition, Sharplink has been added to the Russell 2000 and Russell 3000 indices and has partnered with Galaxy to launch the Galaxy Sharplink Onchain Yield Fund. The fund plans to deploy $125 million, with Sharplink committing $100 million.
As of June 30, Sharplink held approximately 887,000 ETH, with crypto assets valued at around $1.4 billion under U.S. GAAP. As of August 3, the company's ETH holdings increased to approximately 889,000. During the same period, the company's cash and cash equivalents stood at $56.2 million, up from $28.5 million at the end of 2025.
Recently, Sharplink completed a $75 million registered direct offering and purchased approximately 10,000 ETH at around $1,611 per ETH. Meanwhile, the company repurchased approximately 2.1 million shares of common stock at an average price of approximately $4.70 per share, totaling about $10 million. Since August 2025, the company has repurchased approximately 4.07 million shares in aggregate, for a total of approximately $41.7 million.
In addition, Sharplink has been added to the Russell 2000 and Russell 3000 indices and has partnered with Galaxy to launch the Galaxy Sharplink Onchain Yield Fund. The fund plans to deploy $125 million, with Sharplink committing $100 million.
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