CoinVoice has learned that, according to the latest official information, SharpLink Gaming, Inc. (NASDAQ: SBET) today announced its quarterly financial performance for the period ending June 30, 2025, and updated the rapid expansion of the company's Ethereum asset strategy.
SharpLink has raised over $2.6 billion through PIPE, public offerings (ATM), and registered direct offerings to promote ETH acquisitions, having acquired and held 728,804 ETH. SharpLink has staked nearly all of the ETH it holds, and to date, it has earned approximately 1,326 ETH in rewards.
The net loss for the second quarter reached $103.4 million, primarily due to a non-cash impairment of $87.8 million resulting from the decline in LsETH asset prices and a non-cash equity incentive of $16.4 million related to the strategic agreement with Consensys. Revenue for the same period was $7 million, with a gross profit of $2 million. SharpLink has established a strategic partnership with Consensys to further advance its ETH asset management strategy. [Original link]
