SharpLink reported a net loss of $394 million in the second quarter of 2026, compared to $103 million a year earlier, driven by a 23% decline in Ether’s price. The loss included $321 million in unrealized crypto losses and $76 million in impairments on staked Ether tokens. The Miami-based company holds 863,000 ETH, worth $1.46 billion, making it the second-largest corporate Ether holder. Despite the losses, SharpLink resumed Ether purchases with a $7.8 million buy in late June, followed by $16 million for 10,000 ETH. Its stock price fell 3.9% on Monday, extending a 30% year-to-date decline.
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