**[Sharplink Releases Q2 Financial Report: Holds Nearly 890,000 ETH, Revenue Soars Year-on-Year but Posts $394 Million Loss]** BlockBeats News, August 10 — Ethereum treasury company Sharplink (Nasdaq: SBET) released its financial and operational data for the second quarter and first half of the year ending June 30, 2026. The company reported Q2 revenue of $11.5 million, a significant year-on-year increase compared to $700,000 in the same period last year. The growth was primarily driven by the active ETH treasury management strategy initiated in 2025. The financial report shows that Sharplink posted a net loss of $394.3 million in Q2, compared to a loss of $103.4 million in the same period last year. This includes $321 million in non-cash unrealized losses and $76.1 million in LsETH/weETH impairments. The company stated that these losses were mainly due to accounting valuation changes and did not affect the actual quantity of ETH holdings. As of June 30, Sharplink held approximately 887,000 ETH, with crypto assets valued at approximately $1.4 billion under U.S. GAAP accounting standards. By August 3, the company’s ETH holdings had further increased to approximately 889,000 ETH. During the same period, the company’s cash and cash equivalents stood at $56.2 million, up from $28.5 million at the end of 2025. Recently, Sharplink completed a $75 million registered direct offering and purchased approximately 10,000 ETH at an average price of $1,611/ETH. Additionally, the company repurchased approximately 2.1 million shares of common stock at an average price of $4.70 per share, spending approximately $10 million. Since August 2025, the company has cumulatively repurchased approximately 4.07 million shares, totaling approximately $41.7 million. Furthermore, Sharplink has been included in the Russell 2000 and Russell 3000 indices and has partnered with Galaxy to launch the Galaxy Sharplink Onchain Yield Fund, with plans to invest $125 million, of which Sharplink has committed $100 million. [Original Link]