SharpLink reports $394M in Q2 net loss fueled by ETH decline
SharpLink, the second-largest Ether treasury company, reported a Q2 2026 net loss of $394 million, widening from a $103 million loss a year earlier. The results included $321 million in unrealized crypto losses and $76 million in impairments tied to staked ETH. Revenue was $11.5 million, with $11.1 million from ETH staking. Cash and cash equivalents rose to $56 million from $28 million in December 2025. The company held 632,784 ETH plus 181,321 ETH through liquid staking tokens, leaving it heavily exposed to Ether’s price, which fell about 23% in the quarter. SharpLink resumed buying in late June with a $7.8 million purchase, followed by another 10,000 ETH for about $16 million. Its stock fell 3.9% on Monday and is down 30% year to date.
