Sharplink Q2 Earnings Report: Revenue of $11.5 Million, Loss of $394 Million, Holding 889,000 ETH

Sharplink (Nasdaq: SBET) announced its Q2 earnings report for the period ending June 30, 2026, with a revenue of $11.5 million, representing a year-over-year increase of 16.43 times from $700,000 in the same period last year. The growth was primarily driven by its active ETH treasury management strategy. The net loss for Q2 was $394.3 million, compared to a loss of $103.4 million in the same period last year. This loss includes a non-cash unrealized loss of $321 million and a $76.1 million impairment of LsETH/weETH, mainly due to accounting valuation changes. As of June 30, Sharplink held approximately 887,000 ETH, valued at about $1.4 billion under U.S. GAAP, which increased to about 889,000 ETH by August 3. The company's cash and cash equivalents were $56.2 million, up from $28.5 million at the end of 2025. Sharplink completed a $75 million registered direct offering, purchasing about 10,000 ETH at approximately $1,611 per ETH, and repurchased about 2.1 million shares of common stock at a cost of approximately $10 million, bringing the total repurchased since August 2025 to about 4.07 million shares for a total amount of approximately $41.7 million. Additionally, Sharplink has been included in the Russell 2000 and Russell 3000 indices and has partnered with Galaxy to launch the Galaxy Sharplink Onchain Yield Fund, planning to invest $125 million, with Sharplink committing $100 million.