Sharplink posts $394 million Q2 loss as ETH writedowns swamp revenue

AI Summary Sharplink (NASDAQ; SBET) has reported a $394.3 million net loss for the second quarter of 2026 despite an elevenfold jump in its revenue. The loss on the company’s balance sheets is due to non-cash writedowns on its Ethereum treasury. Sharplink’s stock (SBET) has also taken a hit, falling 6%, How did SharpLink lose $394 million?... fulltext: 333 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.cryptopolitan.com/q2-loss-pushes-sharplink-stock-into-the-red/ Source: CryptoPolitan