SharpLink Gaming reported a net loss of $103 million in Q2 2025 due to accounting for liquid staked Ether (LsETH), a massive drop from a $500,000 loss in Q2 2024, marking a year-over-year change of -25,980%. The company now holds 728,804 Ether worth $3.5 billion, with 85% of the loss related to LsETH.

SharpLink’s Q2 loss of $87.8 million from LsETH reflects accounting rules, not a sale or loss of ETH. Revenue for Q2 2025 was $700,000. The company’s share price on Nasdaq is down 12.58% following the news. GAAP accounting principles are used for financial reporting by corporations.

Ether treasury companies like SharpLink and BitMine Immersion Technologies are expected to support ETH buying pressure, potentially leading to price increases. Standard Chartered predicts ETH could reach $7,500 by the end of 2025, while Fundstrat is even more optimistic, forecasting $15,000 by year’s end. Competition between Ether treasury companies could spark DeFi activity.

Read more at Cointelegraph: SharpLink Shares Drop 12.6% on Q2 Crypto Impairment Loss