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SharpLink's losses in the second quarter exceeded $100 million, with ETH holdings exceeding 720,000.
According to news from Hash World, SharpLink Gaming Company announced its second-quarter financial report, with a net loss of $103.4 million. The company holds ETH as its primary reserve asset, currently owning 728,804 ETH, almost all of which is staked. The loss is mainly due to a $87.8 million non-cash impairment caused by the decline in the price of LsETH assets and a $16.4 million non-cash equity incentive related to the Consensys strategic agreement. The revenue for the same quarter was $7 million, with a gross profit of $2 million. SharpLink has established a strategic partnership with Consensys to further promote its ETH asset management strategy.
$ETH #Cryptocurrency Blockchain #Consensys CryptoLoss #ETH