Sharplink reported a massive loss of over $680 million in its first quarter report, with its ETH inventory reaching 870,000 tokens.

CoinFeed reported on May 11th that, according to GLOBE NEWSWIRE, Sharplink released its Q1 2026 financial report. The company's total revenue for Q1 was $12.058 million, of which $11.501 million came from ETH staking and $557,000 from affiliate marketing. Due to ETH market price fluctuations and accounting treatment, the company recorded $507 million in unrealized losses on crypto assets measured at fair value and $192 million in impairment losses on assets measured at cost, resulting in a net loss of $686 million for the quarter.