The company attributed the result to the decline in the value of its reserves in the second half of the year. The main source of revenue was Ethereum staking, which generated about $28 million during the year. Sharplink remains one of the largest corporate holders of the asset, with reserves of approximately 867,000 $ETH.

SharpLink Gaming Inc. has become the world’s largest corporate holder of Ethereum, increasing its holdings to 280,706 ETH.