Sharplink posts $730M net loss for 2025 on ETH price drop

Sharplink Gaming (Nasdaq: SBET), a Nasdaq-listed company that strategically invests in ETH, reported revenue of $28.1 million for the fourth quarter of last year, a 50% increase from the third quarter. However, the company posted a net loss of $734 million for the full year 2025, attributing the loss to unrealized losses from the decline in the price of its Ethereum holdings. Sharplink Gaming previously announced that as of Feb. 15, it held 867,798 ETH, valued at $1.68 billion, and had distributed 13,615 ETH in staking rewards over approximately one year.