SharpLink's stock price fell 12% due to losses from the impairment of encryption assets.



SharpLink's stock price fell sharply, as the company announced significant impairment losses on encryption assets in the second quarter, with the stock price dropping by 12%. As a key player in the online gaming industry, SharpLink Gaming holds the second largest corporate Ethereum treasury, with reports indicating a net loss of $103 million, primarily attributed to the decline in the value of liquid-staked Ethereum (LsETH).
ETH-3.93%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)