SharpLink reported a $394.3 million net loss for the quarter ended June 30, 2026, as Ether's roughly 23% second-quarter decline produced about $397 million of non-cash losses across its treasury even though Ethereum staking generated about $11.2 million of revenue. Revenue rose to $11.5 million from about $697,000 a year earlier as staking became the main driver of income under the company's ETH treasury strategy, while selling, general and administrative expenses climbed to $9.1 million from $2.4 million. The company held roughly 886,881 ETH at quarter-end and 888,938 unencumbered ETH-equivalent units as of Aug. 3, keeping it among the largest corporate Ether holders. SharpLink's Aug. 7 filing said its six-month net loss reached $1.08 billion, driven mainly by $827.7 million of unrealized ETH declines and $267.8 million of impairments on LsETH and weETH, while liquidity remained tied in part to the time needed to redeem staked positions.