SharpLink shares drop 12% on Q2 crypto impairment loss
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SharpLink Gaming reported a net loss of $103 million for Q2 2025, primarily due to a $87.8 million impairment related to liquid staked Ether (LsETH). This loss is a significant increase from a $500,000 loss in Q2 2024. The company's shares fell 12.58% following the announcement. SharpLink holds 728,804 Ether, valued at approximately $3.5 billion. Despite the impairment, the company retains all its LsETH, which is treated as a digital intangible asset under US GAAP. Revenue for Q2 2025 was $700,000.
Source: Cointelegraph The copyright of this article belongs to the original author/organization.
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