Overview

• SharpLink’s Ethereum treasury stands at 728,804 ETH, valued at roughly $3.4 billion, with nearly all tokens staked to earn yield.
• The company recorded an $87.8 million GAAP non-cash write-down on liquid-staked ETH alongside $16.4 million in stock-based compensation.
• SharpLink confirmed it did not sell or redeem any ETH and has generated more than 1,300 ETH in staking rewards since June.
• Since launching its ETH strategy on June 2, the firm has raised over $2.6 billion through PIPE, ATM and registered direct offerings to fund rapid accumulation.
• Shares of SBET fell more than 14% on heavy trading after the earnings release as investors weighed the accounting-driven loss.