SharpLink Buys 5,000 Ethereum, Marking First ETH Purchase in Eight Months

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• SharpLink received 5,000 ETH from FalconX on June 25, according to on-chain data.
• The transfer is its first reported Ether purchase since October 2025, when it acquired 19,270 ETH worth $78.3 million.
• SharpLink remains the world’s second-largest public ETH treasury company, behind Bitmine Immersion.

SharpLink Expands Ethereum Treasury

Ethereum treasury company SharpLink received 5,000 ETH from crypto prime broker FalconX at 18:09:47 UTC on June 25. If confirmed, the transaction would mark the company’s first Ether purchase since October 2025, when it acquired 19,270 ETH valued at approximately $78.3 million.

As of June 21, SharpLink disclosed holdings of 876,285 ETH worth roughly $1.3 billion on its website. If the latest transfer represents a treasury acquisition, its holdings would increase to about 881,285 ETH. Average acquisition cost at $3,609 per ETH, implying an unrealized loss of around $1.79 billion based on current market prices.

SharpLink continues to rank as the world’s second-largest public Ethereum treasury company, behind Bitmine Immersion, which held 5.67 million ETH worth approximately $8.7 billion as of June 14.

The latest transfer comes months after SharpLink rebranded from SharpLink Gaming in February as it expanded beyond traditional Ethereum staking into broader on-chain yield strategies. The company also reported strong business growth, with first-quarter 2026 revenue rising to $12.1 million from $742,000 in the same period a year earlier.

While the company has yet to confirm whether the 5,000 ETH transfer represents a new treasury purchase, the on-chain movement suggests SharpLink may be resuming Ether accumulation after an eight-month pause.

The latest treasury activity also follows the June 22 launch of Ethlabs, an independent Ethereum research and development nonprofit backed by SharpLink, Bitmine Immersion Technologies, Ethereum co-founder Joe Lubin, and other ecosystem participants. Founded by former Ethereum Foundation researchers, the initiative aims to advance Ethereum’s infrastructure and support broader institutional adoption.

SharpLink Stock Performance

According to Google Finance data, SharpLink (NASDAQ: SBET) closed at $4.56 on June 25, down 3.39% for the day. The stock has declined 26.21% over the past month and is down 54.76% over the past year, reflecting sustained selling pressure. Despite the recent losses, the stock edged up 0.88% to $4.60 in pre-market trading, indicating modest early buying interest ahead of the next trading session.