SharpLink Stock Plummets Amid Accounting Adjustments for Ethereum Holdings

SharpLink’s stock price dropped by 12% following the release of its Q2 2025 earnings report, which revealed a $103 million net loss. This decline primarily stems from accounting rules impacting the company’s Ethereum holdings. While SharpLink did not sell any ETH during the quarter, its substantial $3.5 billion in cryptocurrency reserves suffered a paper loss due to market fluctuations. ]