SharpLink reports $394.3M Q2 net loss as Ethereum treasury expands

BitcoinWorld SharpLink reports $394.3M Q2 net loss as Ethereum treasury expands SharpLink (SBET), a Nasdaq-listed company that has adopted an Ethereum treasury strategy, reported a second-quarter net loss of $394.3 million, according to its Aug. 10 announcement.

The loss reflects significant unrealized crypto losses and impairment charges tied to its digital asset holdings. Q2 financial breakdown Revenue for the quarter totaled $11.5 million, with $11.2 million coming from ETH staking rewards.

The net loss included $321 million in unrealized crypto losses and $76.1 million in impairment charges related to LsETH and weETH, two liquid staking tokens.

SharpLink held 886,881 ETH at the end of the second quarter, and its holdings increased to approximately 888,938 ETH as of Aug. 3.