Sharplink (SBET) reported second-quarter 2026 revenue of $11.5 million, up from $0.7 million a year earlier. Net loss was $394.3 million, compared with a net loss of $103.4 million in Q2 2025.
The company said the larger loss was primarily driven by non-cash unrealized losses and impairments, partly offset by net realized gains. Sharplink also provided updates on its Ethereum treasury strategy, financing activity and ecosystem investments.
- Total revenue was $11.5 million for the three months ended June 30, 2026.
- Net loss was $394.3 million, including a $321.0 million unrealized loss tied to ETH market conditions and a $76.1 million impairment charge for LsETH and weETH.
- Cash and cash equivalents totaled $56.2 million as of June 30, 2026.
- ETH holdings totaled approximately 886,881 ETH as of June 30, 2026, and 888,938 ETH as of August 3, 2026.
- Crypto assets totaled approximately $1.4 billion as of June 30, 2026, on a U.S. GAAP basis.
- Sharplink completed a $75.0 million registered direct offering on June 23, 2026, and repurchased about 2.1 million shares for roughly $10.0 million.
$SBET Insider Trading Activity
$SBET insiders have traded $SBET stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $SBET stock by insiders over the last 6 months:
- LESLIE BERNHARD sold 12,892 shares for an estimated $95,505
- OBIE MCKENZIE sold 12,892 shares for an estimated $95,505
- ROBERT M GUTKOWSKI sold 12,892 shares for an estimated $95,475
- ROBERT MICHAEL DELUCIA (Chief Financial Officer) sold 2,848 shares for an estimated $17,696
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$SBET Hedge Fund Activity
We have seen 87 institutional investors add shares of $SBET stock to their portfolio, and 79 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 12,557,670 shares (+350.6%) to their portfolio in Q2 2026, for an estimated $60,276,816
- QUBE RESEARCH & TECHNOLOGIES LTD removed 3,220,081 shares (-46.8%) from their portfolio in Q1 2026, for an estimated $20,769,522
- MILLENNIUM MANAGEMENT LLC added 3,142,465 shares (+97.0%) to their portfolio in Q1 2026, for an estimated $20,268,899
- VOLORIDGE INVESTMENT MANAGEMENT, LLC removed 2,711,424 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $17,488,684
- STATE STREET CORP added 2,682,350 shares (+277.0%) to their portfolio in Q2 2026, for an estimated $12,875,280
- BNP PARIBAS FINANCIAL MARKETS removed 2,350,816 shares (-91.9%) from their portfolio in Q1 2026, for an estimated $15,162,763
- RENAISSANCE TECHNOLOGIES LLC added 1,812,506 shares (+inf%) to their portfolio in Q1 2026, for an estimated $11,690,663
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
