Ethereum-focused treasury management company Sharplink has resumed Ethereum purchases after a break of approximately eight months. According to data shared by the on-chain analytics platform EmberCN, the company bought 5,000 ETH worth approximately $7.85 million, marking its first Ethereum purchase in recent times.
EmberCN, citing Arkham data, stated that the ETH transfer in question occurred via institutional crypto service provider FalconX. Sharplink’s last Ethereum purchase was in October 2025, when the company acquired 19,270 ETH worth approximately $78.3 million.
According to data on the company’s website, Sharplink held 876,285 ETH as of June 21. At current market prices, this asset is worth approximately $1.3 billion. According to EmberCN’s calculations, the company’s average cost per Ethereum is around $3,609. Considering current price levels, this indicates an unrealized loss of approximately $1.79 billion.
Sharplink has not yet officially confirmed the acquisition, and industry media are awaiting a statement from the company. Nevertheless, the company remains the world’s second-largest publicly traded Ethereum treasury firm, after Bitmine Immersion, led by Tom Lee.
The company, which switched from the SharpLink Gaming brand to Sharplink in February, has focused on on-chain yield strategies in addition to traditional Ethereum staking activities. The company reported revenue of $12.1 million in the first quarter of this year, compared to only $742,000 in the same period last year.
Meanwhile, selling pressure continues in the Ethereum market. ETH has lost approximately 5% of its value in the last 24 hours, falling to $1,534, while Bitcoin has also dropped 3.3% to $58,787. Furthermore, Tether’s USDT supply has reached a market capitalization of $186.1 billion, surpassing Ethereum’s market capitalization of $185.4 billion.
*This is not investment advice.
