Ethereum strategy company Sharplink announced its Q1 2026 financial report. As of May 4, 2026, the company held a total of 872,984 ETH, with cumulative staking rewards reaching 18,800 ETH. Sharplink's Q1 revenue increased to $12.1 million, compared to $700k in the same period last year; net loss was $685.6 million, mainly due to an unrealized loss of $506.7 million caused by ETH market fluctuations and a $191.7 million write-down of lsETH. The company emphasized that the related losses are primarily due to US GAAP accounting treatment and do not represent actual economic losses on ETH holdings, nor do they reduce the amount of coins held.

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