SharpLink posts $1B loss as its $1.7B Ethereum treasury could take 90 days to fully convert to cash

Ethereum treasury company SharpLink reported a $1.08 billion net loss for the six months ended June 30. Its Aug. 7 quarterly filing attributes most of that result to price-related accounting charges. Much of the company’s treasury is staked, making conversion time a material part of its liquidity profile. The filing attributes $827.7 million of the loss to an unrealized decline in the value of ETH and another $267.8 …