Sharplink Gaming, an online gaming company with the second largest corporate ether treasury, has announced a net loss of $ 103 million for the second quarter of 2025, driven by a loss of paper from accounting for liquid staked ether (LSETH). The loss marks a steep collapse from a $ 500,000 loss during the same period of 2024-year-year-to-year change of -25,980%.
According to In an announcement on Friday, Sharpink holds 728,804 ether (Eth) costs approximately $ 3.5 billion in this writing. The only company that has been publicly exchanged with more ETH is Bitmine’s immersion technology, which Holding A little more than 1.15 million ETH costs more than $ 5.1 billion.
Sharpink Q2 loss, $ 87.8 million – or 85% – is associated with the company’s LSETTH. A Sharplink representative in Cointelegraph said the company still has all LSETH and that the disability “reflects accounting policies, not a sale or loss of ETH.”
“Under the US GAAP, LSETTH is currently regarded as a digital non -tangible possession, recorded at cost and subject to disability,” said a Sharpink spokesman. “In Q2, the lowest price of the LSETH market is $ 2300, triggering $ 87.8m that is not a cash impairment.”
GAAP is upheld for “generally accepted accounting principles,” and is widely used by corporations for financial reporting. Sharplink posted a revenue of $ 700,000 for Q2 2025.
Sharpink’s shares have dropped to the news. According to In Google Finance, the company’s sharing price dropped 12.58% in NASDAQ in this writing.
Related: Bitmine targets a large $ 24.5b top as Sharpink grows Ether War Chest
Ether Treasury companies can spark Defi Summer
Ether Treasury companies and exchange -exchanged funds are expected to support the purchase of pressure for ETH, with modified price predictions emerging.
Multinational Banking Company Standard Chartered said ETH can hit $ 7,500 by the end of 2025. Market approach and firm Fundstrat are more optimistic, saying ethics can reach $ 15,000 by the end of the year.
Etherealize’s Vivek Raman said the competition between the Ether Companies that ark could spark additional activity on decentralized financial networks, leading In an institutional scale defi summer 2.0.
Ether has been rising since Ecosystem Upgrading may upgrade PECTRA. That day, ETH had a price of approximately $ 1,811. At the time of this writing, the price of ETH was $ 4,382, a jump of 142% over the period.
Magazine: Guide to Dummies: The Roadmap of Ethereum up to 10,000 TPS using ZK Tech
