SharpLink Gaming Experiences Significant Q2 Loss Due to Ether Treasury Accounting Challenges

Online gaming company SharpLink Gaming reported a significant net loss of $103 million during the second quarter of 2025, according to Cointelegraph. This substantial drop in earnings is largely attributed to accounting for liquid staked Ether (LsETH), which resulted in a paper loss. The figure represents a dramatic decline compared to the $500,000 loss recorded in the same period last year, with a year-over-year change of -25,980%. This highlights the challenges faced by companies managing substantial crypto holdings under current accounting standards.