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

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?...