SharpLink Reports Massive Q2 Loss, Triggering Share Price Dip

SharpLink, a prominent Ethereum holder and advocate for its adoption, has revealed a significant quarterly loss of $103 million for the three months ending June 30, 2025. This stark contrast with their $12 million profit in the same period last year indicates a challenging market landscape. SharpLink’s Q2 revenue fell by 30%, reaching just $1.4 million compared to previous years. The company’s gross profits also declined by 50%, dropping to $0.3 million from the prior year, marking its first earnings report following a strategic shift toward Ethereum-based initiatives.