{"id":91775,"date":"2026-05-12T16:16:32","date_gmt":"2026-05-12T16:16:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=91775"},"modified":"2026-05-12T16:16:32","modified_gmt":"2026-05-12T16:16:32","slug":"sharplink-lost-686-million-in-q1-but-sbet-could-still-double-thanks-to-favorable-setup","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=91775","title":{"rendered":"Sharplink Lost $686 Million In Q1, But SBET Could Still Double Thanks To &#8216;Favorable Setup&#8217;"},"content":{"rendered":"<div>\n<p><strong>Sharplink Gaming Inc.<\/strong> <a class=\"ticker-link\" data-ticker=\"SSBET\" data-exchange=\"NASDAQ\" href=\"https:\/\/www.benzinga.com\/quote\/SSBET\" target=\"_blank\" rel=\"noopener\">(NASDAQ:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/SBET\">SBET<\/a>) has posted a $686 million net loss in Q1, yet <strong>TD Cowen<\/strong> reiterated its buy rating with a $16 price target, implying 106% upside from Monday\u2019s close at $7.76.<\/p>\n<h3 class=\"wp-block-heading\">Revenue Jumps From $742,000 To $12.1 Million<\/h3>\n<p>Sharplink <a href=\"https:\/\/www.sharplink.com\/investors\">reported<\/a> Q1 2026 revenue of $12.1 million on Monday, up from just $742,000 in the same period last year.\u00a0<\/p>\n<p>The company pointed to staking income from its treasury strategy as the main driver.<\/p>\n<p>The net loss of nearly $686 million came mostly from unrealized losses tied to <strong>Ethereum<\/strong> <a href=\"https:\/\/www.benzinga.com\/quote\/ETH-USD\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"ETH\" data-exchange=\"CRYPTO\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>) price declines.\u00a0<\/p>\n<p>Ethereum was trading around $3,000 at the beginning of 2026 before dropping roughly 40% to $1,800 and closing the quarter at nearly $2,000.<\/p>\n<p>Sharplink holds 872,984 ETH as of May 4, a stash worth nearly &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/05\/52495191\/sharplink-lost-686-million-in-q1-but-sbet-could-still-double-thanks-to-favorable-setup?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Sharplink\" lost million in q1 but sbet could still double thanks to setup>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sharplink Gaming Inc. (NASDAQ:SBET) has posted a $686 million net loss in Q1, yet TD Cowen reiterated its buy rating with a $16 price target, implying 106% upside from Monday\u2019s close at $7.76. Revenue Jumps From $742,000 To $12.1 Million Sharplink reported Q1 2026 revenue of $12.1 million on Monday, up from just $742,000 in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-91775","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/91775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=91775"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/91775\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=91775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=91775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=91775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}