By cryptoadmin 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.