SharpLink (NASDAQ: $SBET) reported a $394.3 million net loss for the second quarter as losses tied to its large Ethereum (CRYPTO: $ETH) treasury outweighed an increase in revenue.
The company, the second-largest publicly traded holder of Ether, reported $11.5 million in revenue for the three months ended June 30, up from $697,000 a year earlier, according to a Monday announcement.
Most of the revenue came from staking, which generated $11.2 million during the quarter compared with just $29,000 in the same period of 2025.
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The company, the second-largest publicly traded holder of Ether, reported $11.5 million in revenue for the three months ended June 30, up from $697,000 a year earlier, according to a Monday announcement.
Most of the revenue came from staking, which generated $11.2 million during the quarter compared with just $29,000 in the same period of 2025.
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2 months ago
