Ethereum DAT Company Sharplink Reports a Net Loss of 110 Billion Yen in Q1 2026

Expansion of Ethereum Holdings

Sharplink, listed on the NASDAQ, announced its financial results for the first quarter of the fiscal year ending March 2026 (January to March) on May 11. As of March 31, its Ethereum holdings were approximately 878,821 units, and by May 4, this had increased to 872,984 units. This reflects the ongoing success of the proactive Ethereum financial strategy initiated on June 2, 2025, leading to a significant increase in revenue from $700,000 in the same period last year to $12.1 million.

However, the net loss was $685.6 million (compared to $1 million in the same period last year)...