Sharplink Posts $394M Loss as Ether Treasury Weighs on Q2 ResultsSharpLink (NASDAQ: $SBET) reported a $394.3 million net loss for the second quarter as losses tied to its large Ethereum (CRYPTO: $ETH) treasury outweighed an increase in revenue. More From Cryptoprowl:Despite the sharp rise in revenue, the company reported substantial losses linked to the value of its crypto holdings. Sharplink recorded a $321 million unrealized loss on crypto assets during the quarter, along with a $76.1 million impairment charge tied to LsETH and weETH. Beyond its treasury strategy, Sharplink said it plans to provide funding to EthLabs, Ethereum Institutional and EthSystems, three groups focused on protocol development, institutional adoption and privacy infrastructure. The company also launched the Galaxy Sharplink Onchain Yield Fund after the quarter ended, with $125 million in committed capital, including $100 million from Sharplink and $25 million from Galaxy.