SharpLink reported a net loss of $1.08 billion for the six months ended June 30, driven primarily by price-related accounting charges. The loss consists of $827.7 million in unrealized ETH decline and $267.8 million in impairments on LsETH and weETH tokens. As of June 30, the company held $56.2 million in cash and approximately 888,938 ETH-equivalent units, representing a theoretical value of $1.7 billion as of August 10. Full conversion of the staking portfolio could take up to 90 days, although a significant portion could be withdrawn in 30 days depending on Ethereum network conditions.
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