SharpLink Gaming’s stock declined nearly 15% after revealing a 103 million USD net loss for Q2, a stark contrast to last year’s profit of nearly 12 million USD. Revenues fell by 30%, amounting to 1.4 million USD. The situation has raised concerns among investors.
The recent drop in Ethereum’s value, falling below 4,400 USD, adds to market uncertainty. CEO Robert DeLucia pointed out that substantial non-cash impairment linked to their tokenized ETH holdings contributed to the loss, underlining the company’s strategic focus on Ethereum.
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