Key facts
- SharpLink reported a $394 million net loss in Q2 2026.
- The loss was largely due to $321 million in unrealized crypto losses and $76 million in impairments on staked Ether.
- Ether's price declined by approximately 23% during the second quarter of 2026.
- SharpLink holds 863,000 ETH, valued at $1.46 billion.
- The company resumed Ether purchases in late June after an eight-month hiatus.
SharpLink, a prominent Ether treasury company, announced a significant net loss of $394 million for the second quarter of 2026. This marks a substantial increase from the $103 million net loss recorded in the same period of the previous year. The substantial loss was primarily attributed to $321 million in unrealized cryptocurrency losses and $76 million in impairments related to its staked Ether holdings.
During the quarter, SharpLink generated $11.5 million in revenue, with $11.1 million stemming from its ETH staking activities. The company's cash and cash equivalents stood at $56 million, an increase from $28 million at the end of December 2025.
SharpLink's financial performance is closely tied to the price movements of Ether, as the company holds a considerable amount of the cryptocurrency. Its total holdings amount to 863,000 ETH, valued at approximately $1.46 billion. This includes 632,784 ETH worth $1.2 billion held directly and 181,321 ETH valued at $343 million through various liquid staked Ether tokens.
Ether experienced a notable decline of around 23% during the second quarter of 2026. Following an eight-month pause on purchases, SharpLink resumed acquiring Ether in late June, making a $7.8 million buy and subsequently purchasing an additional 10,000 ETH for approximately $16 million.
In the market, SharpLink's stock price fell 3.9% on Monday, extending its year-to-date decline of 30%. The company ranks as the second-largest Ether treasury company, trailing only Bitmine, which holds 5.54 million ETH valued at $9.4 billion.