is given. We need to translate it.

and

tags. We'll preserve that. Also we have a meta description. The original meta description is not given, but we can create one in Polish. Based on the content, we can write: "SharpLink odnotował stratę netto 394,3 mln USD w Q2 2026, głównie z powodu niezrealizowanych strat na ETH i odpisów na tokenach stakingowych. Przychody ze stakingu wyniosły 11,2 mln USD." But we should keep it concise. We'll put that in the meta field. Now we need to output JSON with title, content, and meta description. We'll ensure the content is a string with HTML. Let's construct the JSON. Note: The original content had some extra text at the end that was part of the thinking, but we only translate the article content. The article content is from the beginning to the end of the article tag. We'll use the provided article content exactly, but we need to translate it. The original article content is:

Where the $394 million came from

The loss breaks into two big pieces. $321.0 million in unrealized ETH losses. $76.1 million in impairment charges tied to liquid staking tokens. Both are non-cash items. The company's ETH holdings reportedly increased during the quarter even as the value of those holdings dragged the income statement down.