SharpLink公布2026年第二季業績 稱以太坊新時代來臨

EX-99.1
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EX-99.1

 

 

Exhibit
99.1

 

 

 

Sharplink
Reports Second Quarter 2026 Financial and Operating Results; Builds Momentum for a New Ethereum Era

 

Driving
Broader Market Engagement Through Active Treasury Management, 

Productivity
Initiatives and Strategic Ecosystem Investments

 

MIAMI,
FL — August 10, 2026 — Sharplink, Inc. (Nasdaq: SBET) (“Sharplink” or the “Company”), one
of the world’s largest corporate holders of Ether (“ETH”) and prominent industry advocate of Ethereum adoption, today
reported financial and operating results for the three and six months ended June 30, 2026, along with an update on its ETH treasury strategy.

 

 

“During
the second quarter, we remained highly active across both treasury management and Ethereum ecosystem development, deploying capital into
initiatives designed to enhance the productivity of our ETH and strengthen the infrastructure supporting broader adoption,” said
Joseph Chalom, Chief Executive Officer of Sharplink. “We are excited by the growing momentum we are seeing across the Ethereum
ecosystem. Institutional adoption is accelerating, onchain activity continues to expand and ETH has recently demonstrated meaningful
outperformance versus other crypto assets. We view improving market recognition as one of many signals reinforcing our belief that a
new Ethereum era is taking shape.”

 

Continuing,
Chalom noted, “Having built one of the largest publicly traded ETH treasuries and the institutional infrastructure required to
manage it, we are using that scale to help support Ethereum’s next chapter. Through our support of EthLabs, Ethereum Institutional
and EthSystems, we are helping strengthen core protocol development, institutional adoption and privacy infrastructure needed to accelerate
Ethereum’s value proposition. Our efforts, alongside other leading ecosystem stakeholders, are strengthening Ethereum’s narrative
to better reflect the ongoing adoption supercycle. We are excited to carry that momentum forward to support the next phase of Sharplink’s
growth.”

 

 1

  

 

 

Second
Quarter 2026 Highlights

 

Income
Statement and Balance Sheet

 

 
 ●
 Total
 revenue increased to $11.5 million in Q2 2026, reflecting strong growth, compared to $0.7 million for the three months ended June
 30, 2025. The increase was primarily driven by Sharplink’s actively managed ETH treasury strategy, which was launched on June
 2, 2025.

 
 ●
 SG&A
 expenses were $9.1 million for the three months ended June 30, 2026, compared with $2.4 million in the prior-year quarter. The increase
 primarily reflected Sharplink’s ETH treasury strategy operating for a full quarter in 2026, versus only a partial period following
 its launch in early June 2025, including higher personnel, custody, insurance, legal, accounting and other public-company infrastructure
 costs.

 
 ●
 Net
 loss was $394.3 million, compared to a net loss of $103.4 million in Q2 2025. The increase in net loss was primarily driven by non-cash
 unrealized losses and impairments partially offset by net realized gains.

 

 
  
 ○
 Unrealized
 loss: $321.0 million due to ETH market conditions in the second quarter of 2026.

 
  
 ○
 LsETH
 and weETH impairment charge: $76.1 million.

 
  
 ○
 These
 charges are non-cash accounting losses and do not reduce the number of ETH and ETH-equivalent tokens held; however, impairment charges
 reduce the carrying value of LsETH and weETH under U.S. GAAP and are not reversed for subsequent market recoveries.

 

 
 ●
 Cash
 and cash equivalents totaled $56.2 million as of June 30, 2026, compared with $28.5 million as of December 31, 2025.

 
 

Joseph
Lubin, Sharplink Chairman, Founder and CEO of Consensys and Co-Founder of Ethereum, added, “Ethereum is moving from an era of proving
the technology to putting it to work as foundational infrastructure for programmable financial and economic activity. Stablecoins, tokenized
assets, decentralized markets and agentic finance are increasingly operating at meaningful scale, supported by stronger infrastructure
and growing participation from both institutions and the broader Ethereum community. Sharplink’s support for EthLabs, Ethereum
Institutional and EthSystems reflects our belief that stronger protocol development, institutional engagement and privacy infrastructure
will accelerate and broaden adoption.”

 

Ethereum
Treasury and Operational Highlights 

 

 
 ●
 Sharplink’s
 ETH holdings totaled approximately 886,881 ETH1 as of June 30, 2026, and 888,938 ETH2 as of August 3, 2026.

 
 ●
 Crypto
 assets totaled approximately $1.4 billion as of June 30, 2026, valued on a U.S. GAAP basis.

 
 ●
 On
 June 23, 2026, Sharplink completed a $75.0 million registered direct offering, issuing 10,013,351 shares of common stock and accompanying
 warrants at a combined purchase price of $7.49 per share and warrant. The transaction was completed at a premium to Sharplink’s
 net asset value.

 

 
  
 ○
 Sharplink
 used a portion of the offering proceeds to acquire approximately 10,000 ETH at an average purchase price of approximately $1,611
 per ETH.

 
 

 

1
Total ETH holdings held as of June 30, 2026, comprised of 632,784 native ETH, 181,321 ETH as-if redeemed from LsETH and 72,776 ETH as-if
redeemed from weETH, using a conversion date of June 30, 2026.

 

2
Total ETH holdings held as of August 3, 2026, comprised of 634,255 native ETH, 181,748 ETH as-if redeemed from LsETH and 72,935 ETH as-if
redeemed from weETH, using a conversion date of August 3, 2026.

 

 2

  

 

 

 
  
 ○
 Sharplink
 also repurchased approximately 2.1 million shares of its common stock at an average price of approximately $4.70 per share, for an
 aggregate purchase price of approximately $10.0 million. 

 
  
 ○
 Since
 initiating repurchase activity in August 2025, Sharplink has repurchased 4,071,223 shares of its common stock at an aggregate cost
 of approximately $41.7 million.

 

 
 ●
 As
 an institutional steward of the Ethereum ecosystem, Sharplink will provide anchor funding to three independent organizations serving
 distinct but complementary functions:

 

 
  
 ○
 EthLabs:
 Founded by former senior Ethereum Foundation contributors, EthLabs is focused on advancing the core protocol, scaling and interoperability
 to prepare Ethereum for the next wave of institutional, DeFi and agentic-finance adoption while reinforcing the network’s credible
 neutrality, security and resilience.

 
  
 ○
 Ethereum
 Institutional: Ethereum Institutional serves as the dedicated institutional front door to the Ethereum ecosystem, helping banks,
 asset managers, custodians and market infrastructure providers move from evaluation to deployment. The organization has built more
 than 500 institutional relationships and convened over 150 senior executives representing approximately $250 trillion in combined
 assets.

 
  
 ○
 EthSystems:
 Founded by the team behind the Ethereum Foundation’s Institutional Privacy Task Force, EthSystems is developing privacy and
 compliance infrastructure designed to enable banks, asset managers and other regulated institutions to transact on Ethereum at scale
 without exposing sensitive information such as trade details or client identities.

 

 
 ●
 Sharplink
 was added to the Russell 2000 and Russell 3000 indexes as part of the June 2026 index reconstitution, broadening Sharplink’s
 institutional visibility and eligibility for index-linked ownership.

 
 ●
 Subsequent
 to quarter end, Sharplink announced the launch of the Galaxy Sharplink Onchain Yield Fund (the “Fund”) with $125.0 million
 in committed capital, including $100.0 million from Sharplink and $25.0 million from Galaxy. Galaxy serves as investment manager,
 with responsibility for sourcing, diligence, portfolio construction, position oversight and risk management. Sharplink expects to
 fund the first investments in the coming weeks.

 
 

Conference
Call Details

 

Sharplink’s
executive team will host a conference call, followed by a question-and-answer period this morning, Monday, August 10, 2026, beginning
at 8:30 AM ET. Please use one of the following methods to access the call:

 

 
 ●
 Date:
 Monday, August 10, 2026 

 
 ●
 Time:
 8:30 AM ET 

 
 ●
 Toll-free
 dial-in number: (877) 407-2988 

 
 ●
 International
 dial-in number: (201) 389-0923 

 
 ●
 Webcast:
 Sharplink’s Q2 2026 Earnings Call

 
 

Participants
can also access Sharplink’s earnings call using the call me option here for instant telephone access to the event, which will be
active 15 minutes before the scheduled start time.

 

A
telephonic replay will be available approximately three hours after the conference call concludes through Monday, August 24, 2026.

 

 
 ●
 Toll-free
 replay number: (877) 660-6853 

 
 

 3

  

 

 

 
 ●
 International
 replay number: (201) 612-7415 

 
 ●
 Replay
 ID: 13761089

 
 

A
link to the live webcast and replay will also be available at https://www.sharplink.com/investors.

 

For
more detailed information, please refer to the Quarterly Report on Form 10-Q for the three and six months ended June 30, 2026, filed
with the U.S. Securities and Exchange Commission, and accessible at www.sec.gov or on Sharplink’s website found at www.sharplink.com.

 

About
Sharplink

 

Sharplink
(Nasdaq: SBET) is a leading institutional-grade Ethereum treasury platform designed to give public market investors smarter, more productive
exposure to ETH. Ethereum underpins the majority of global stablecoin, tokenized real-world assets and decentralized finance settlement.
Sharplink was founded in 2019 and is headquartered in Miami, Florida. Learn more at www.sharplink.com.

 

Forward-Looking
Statements

 

Forward-Looking
Statement Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding
matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995, and these forward-looking statements are subject to various risks and uncertainties. Such statements include,
but are not limited to, goals and expectations regarding the Company’s strategy and potential partnerships; the intended use of
proceeds, including potential share repurchases; the Company’s Ethereum treasury strategy and expected common stock per-share effects;
and other statements accompanied by the words “intends,” “may,” “will,” “plans,” “expects,”
“anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,”
“hopes,” “potential” or similar words, but the absence of these words does not mean that a statement is not forward
looking. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including
without limitation, the anticipated gross proceeds from the Offering, the intended use of proceeds therefrom, the satisfaction of customary
closing conditions, and the expected timing and completion of the Offering, the potential use of the Company’s ATM facility; the
Company’s ability to repurchase additional shares of its common stock under its stock repurchase program; the Company’s ability
to achieve and sustain profitable operations; volatility in the market price of ETH and its resulting impact on the Company’s accounting
and financial reporting; changes in government regulation of cryptocurrencies and online betting; changes in securities laws or other
applicable regulations; fluctuations in customer demand and overall economic conditions; competitive pressures, including competing products,
pricing, and sales cycles; the protection and enforcement of the Company’s proprietary rights; and other risks and uncertainties
described in the Company’s Annual Report and other filings with the SEC. Under U.S. generally accepted accounting principles, entities
are generally required to measure certain crypto assets at fair value, with changes reflected in net income each reporting period. Changes
in the fair value of crypto assets could result in significant fluctuations to the balance sheet and income statement results. Additionally,
for other certain types of crypto assets, the Company uses the historical costs less impairment model. This model may require the Company
to record an associated impairment charge reflected in net income as a result of a decrease in the market price of the crypto assets
below the cost value at which the Company’s crypto assets are carried on its balance sheet. Any forward-looking statements contained
in this press release speak only as of the date hereof, and the Company does not undertake any responsibility to update the forward-looking
statements in this press release. There can be no assurance that any repurchases will be made under the program, and any repurchases
may be suspended, modified or discontinued at any time and are subject to market conditions and applicable legal requirements.

 

CONTACT:

 

Sharplink’s
Investor Relations Contact:

Sean
Mansouri, CFA or Aaron D’Souza | Elevate IR

Phone:
(720) 330-2829

Email:
[email protected]

 

Sharplink’s
Media Contact:

Email:
[email protected]

 

 4

  

 

 

SHARPLINK,
INC.

CONDENSED
CONSOLIDATED BALANCE SHEETS

(In
thousands, except share and per share data)

 
   
 June
 30, 2026  
 December
 31, 2025 

 
   
 (unaudited)  
   

 
 Assets 
     
    

 
 Current Assets 
     
    

 
 Cash 
 $56,195  
 $28,539 

 
 USDC stablecoin 
  -  
  1,882 

 
 Accounts receivable, net of allowance for credit
 losses of $0 both periods presented 
  280  
  221 

 
 Prepaid expenses and other current assets 
  880  
  511 

 
 Total current assets 
  57,355  
  31,153 

 
   
     
    

 
 Crypto assets at fair value 
  988,838  
  1,899,683 

 
 Crypto assets at cost 
  369,148  
  500,912 

 
 Other assets 
  751  
  18 

 
 Total assets 
 $1,416,092  
 $2,431,766 

 
   
     
    

 
 Liabilities and Stockholders’
 Equity 
     
    

 
 Current Liabilities 
     
    

 
 Accounts payable and accrued expenses 
 $5,486  
 $12,749 

 
 Total current liabilities 
  5,486  
  12,749 

 
   
     
    

 
 Long-Term Liabilities 
     
    

 
 Other long term liabilities 
  86  
  - 

 
 Total liabilities 
  5,572  
  12,749 

 
   
     
    

 
 Commitments and Contingencies (Note 10) 
  -   
    

 
   
     
    

 
 Stockholders’ Equity 
     
    

 
 Common Stock, $0.0001 par value; authorized
 shares 2,500,000,000; issued 221,054,539 and 198,646,255, respectively; outstanding shares: 216,983,308 and 196,707,797 respectively 
  22  
  20 

 
 Treasury stock, 4,071,231 of Common Stock at
 cost 
  (41,743) 
  (31,721)

 
 Additional paid-in capital 
  3,344,472  
  3,263,114 

 
 Accumulated deficit 
  (1,892,231) 
  (812,396)

 
 Total stockholders’ equity 
  1,410,520  
  2,419,017 

 
 Total liabilities and stockholders’
 equity 
 $1,416,092  
 $2,431,766 

 

 

 5

  

 

 

CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

(In
thousands, except share and per share data)

 

 
   
 2026  
 2025  
 2026  
 2025 

   
 For
 the Three Months

 Ended
 June 30,
  
 For
 the Six Months

 Ended
 June 30,
 

 
   
 2026  
 2025  
 2026  
 2025 

 
 Revenue from staking 
 $11,161  
 $29  
 $22,662  
 $29 

 
 Revenue from affiliate
 marketing 
  367  
  668  
  924  
  1,410 

 
 Total revenue 
  11,528  
  697  
  23,586  
  1,439 

 
   
     
     
     
    

 
 Gains and (losses) from operations 
     
     
     
    

 
 Realized gain on crypto assets, net 
  1,433  
  5,374  
  13,438  
  5,374 

 
 Unrealized loss on crypto
 assets at fair value, net 
  (321,003) 
  (2,437) 
  (827,667) 
  (2,437)

 
 Total gains (losses) from
 operations, net 
  (319,570) 
  2,937  
  (814,229) 
  2,937 

 
   
     
     
     
    

 
 Operating expenses 
     
     
     
    

 
 Cost of revenues from affiliate marketing 
  258  
  488  
  690  
  1,098 

 
 Selling, general, and administrative expenses 
  9,060  
  2,387  
  18,939  
  3,503 

 
 Stock-based compensation, related party 
  -  
  16,379  
  -  
  16,379 

 
 Impairment of crypto assets
 at cost 
  76,093  
  87,813  
  267,763  
  87,813 

 
 Total operating expenses 
  85,411  
  107,067  
  287,392  
  108,793 

 
   
     
     
     
    

 
 Operating loss 
  (393,453) 
  (103,433) 
  (1,078,035) 
  (104,417)

 
   
     
     
     
    

 
 Other income 
     
     
     
    

 
 Interest income 
  178  
  37  
  381  
  49 

 
 Total other income 
  178  
  37  
  381  
  49 

 
   
     
     
     
    

 
 Net loss before income taxes 
  (393,275) 
  (103,396) 
  (1,077,654) 
  (104,368)

 
 Income tax expense 
  (999) 
  (27) 
   (2,181) 
  (30)

 
 Net loss 
 $(394,274) 
 $(103,423) 
 $(1,079,835) 
 $(104,398)

 
   
     
     
     
    

 
 Denominator for net loss per share - basic
 and diluted: 
     
     
     
    

 
 Basic and diluted weighted
 average shares 
  209,784,133  
  24,202,467  
  209,358,151  
  12,989,772 

 
 Net loss per share -
 basic and diluted 
 $(1.88) 
 $(4.27) 
 $(5.16) 
 $(8.04)

 

 

 
 6