Sharplink reports $735M loss in 2025 as Ethereum dived

Sharplink says it will continue to acquire Ether despite a brutal crypto market sell-off last year that led to a $616.2 million paper loss on its ETH holdings. 

​Ethereum treasury company Sharplink has reported a $734.6 million net loss for 2025 due to a crypto market decline in the second half of the year.

The firm posted its financial results for the year on Monday, revealing that its full-year net loss was primarily driven by a $616.2 million paper loss on the 868,699 Ether (ETH) it has accumulated to date.

Adding to its losses was a $140.2 million impairment charge related to converting its staked Ether.

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