LsETH Waka Impari E SharpLink Sharp Q2 Loss And 12% Share Fall
SharpLink Gaming don post net loss of $103.4 million for Q2 2025, wey happen because of $87.8 million non-cash LsETH impairment under US GAAP. Di company treat liquid staked ETH as digital intangible assets, e no sell any ETH. By di end of di quarter, SharpLink get 728,804 ETH, wey dem value about $3.5 billion, make dem be di second biggest corporate ETH holder. Revenue na $0.7 million, gross profit na $0.2 million, but operating expense rise to $2.3 million, wey include $16.4 million for stock-based comp. After di results, SharpLink shares drop 12% for Nasdaq. Traders dey watch how this LsETH impairment fit change crypto companies' balance sheets and ETH market dynamics as SharpLink dey double down on ETH accumulation and staking to power their DeFi-focused treasury plan.
Neutral
Even though di LsETH impairment na cause SharpLink GAAP loss and cause di share drop by 12%, SharpLink no sell or redeem any ETH. Dem still hold dia stake of 728,804 ETH and dey dey continue to aggressively accumulate plus dey do DeFi-focused staking. As na non-cash accounting adjustment, di impairment no get too much direct impact on ETH supply or market liquidity. Although investors fit dey cautious about how GAAP treat liquid staking assets, di core demand and staking dynamics of ETH remain the same, which mean say e no go affect ETH price for short or long term.