#CreatorPad Revenue decreased to $0.7 million from $1.0 million in the same quarter last year. Gross profit amounted to $0.2 million, which is 30% of revenue, compared to $0.3 million or 28.5% in the second quarter of 2024.

The company raised over $2.6 billion in capital through various offerings to fund ETH acquisitions. SharpLink staked nearly 100% of its ETH assets, earning approximately 1,326 ETH in accumulated rewards.

Joseph Lubin, co-founder of Ethereum, joined the company as the chairman of the board, and Joseph Chalom, former head of BlackRock, was appointed co-CEO. The company also entered into a strategic partnership with Consensys.

Operating expenses included $16.4 million in non-cash stock-based compensation related to a consulting agreement with Consensys. The company also recorded an unrealized loss on ETH assets of $2.4 million, offset by an unrealized gain of $5.4 million.