ETH treasury company Sharplink announced its Q2 financial report, with a net loss of 394.3 million USD

Nasdaq-listed company Sharplink (stock code: SBET) announced its financial and operational results for the second quarter of 2026. Q2 revenue was $11.5 million, a significant year-on-year increase; net loss was $394.3 million, primarily due to an unrealized loss of $321 million in the ETH market and a write-down of $76.1 million for LsETH and weETH.

As of June 30, Sharplink held approximately 886,881 ETH, with crypto assets valued at approximately $1.4 billion under U.S. GAAP. The company completed a $75 million registered direct offering on June 23, part of which was used to purchase approximately 10,000 ETH at an average price of about $1,611, and continues to repurchase shares.