Ethereum Treasury Firm Sharplink Releases Q1 Earnings, Holds Over $2B In ETH
The post Ethereum Treasury Firm Sharplink Releases Q1 Earnings, Holds Over $2B In ETH appeared on BitcoinEthereumNews.com. Sharplink, an Ethereum treasury company, announced its Q1 earnings results for FY26 on Monday, May 11. It revealed holding over $2 billion worth of ETH despite the massive unrealized losses. Overview of Sharplink’s Q1 Earnings Report For the quarter that ended March 31, 2026, SharpLink posted a net loss of $685.6 million. It represents a huge increase than the net loss of $1 million in the same period last year. The company attributed the drop to mainly the non-cash crypto-related charges related to its Ethereum treasury business. The ETH price decline in the first quarter led to a humongous loss of $506.7 million. In addition, a loss of $191.7 million was recorded for the LsETH holdings. However, the ETH treasury losses are unrealized as the company sticks to its HODL strategy. Part of these losses were offset by $12 million in realized gains from ETH-to-LsETH con