Crypto

SharpLink Suffers Record Q2 Loss on ETH Price Drops

Guavy AI Editorial Team Published August 10, 2026

Instruments

ETH

SharpLink's Q2 loss was $394.3 million due to ETH price drops that resulted in $397.1 million in unrealized losses and write-downs.

The company held approximately 886,881 ETH and ETH equivalents at the end of June, with a combined value of about $1.4 billion under U.S. GAAP.

Revenue increased to $11.5 million, up from $697,000 in Q2 2025, primarily due to staking revenue that supplied $11.2 million of SharpLink's total earnings.

The Wire

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