SharpLink reports $394M in Q2 net loss fueled by ETH decline
SharpLink reported a net loss of $394 million in the second quarter of 2026, largely driven by Ether’s 23% decline during the quarter.
SharpLink, the second-largest Ether treasury company, reported a net loss of $394 million for the second quarter of 2026, compared to a $103 million net loss during the same period last year.
The loss included $321 million in unrealized crypto losses and $76 million in impairments on staked Ether (ETH) tokens, according to a Monday announcement.
The Miami, Florida-based Ether treasury company said it generated $11.5 million in revenue, including $11.1 million from ETH staking. Cash and cash equivalents totaled $56 million, up from $28 million in December 2025.