SharpLink resumes purchases and adds 5,000 Ethereum to its treasury
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SharpLink expanded its Ethereum reserve again after an eight-month interval without new acquisitions. On-chain data analyzed by EmberCN indicate that the company added 5.000 ETH to its treasury, in an operation valued at approximately US$ 7,85 million.
According to the information shared by the analyst, the movement was identified through Arkham records, which show the transfer of the 5.000 ETH by FalconX to wallets linked to the company. The last recorded purchase had taken place in October 2025, when the company acquired 19.270 ETH in an operation valued at about US$ 78,3 million.
SharpLink consolidated its Ethereum-focused strategy over the last few years. On June 21, the company held 876.285 ETH in custody, an amount estimated at approximately US$ 1,3 billion according to information disclosed on its corporate portal.
Based on EmberCN's calculations, the average acquisition price of the company's reserve is around US$ 3.609 per ETH. Considering the asset's current price, this represents a significant unrealized loss on the accumulated position.
Even without disclosing the new acquisition officially, the movement reinforces the company's policy of increasing its exposure to Ethereum. Currently, SharpLink occupies the second position among the largest publicly traded companies with ETH reserves, behind Bitmine Immersion, which held 5,67 million ETH in mid-June.
In recent months, the company has also expanded its initiatives linked to the Ethereum ecosystem. After reshaping its corporate strategy, it began concentrating efforts not only on staking, but also on different on-chain yield-generation mechanisms.
Financial results accompanied this expansion. In the first quarter of this year, the company reported revenue of US$ 12,1 million, a significant increase compared to the US$ 742 thousand recorded in the same period of the previous year.
Recently, SharpLink also supported the creation of Ethlabs, an initiative founded by former researchers from the Ethereum Foundation to accelerate the network's preparation for a new stage of institutional adoption. The project also has the support of Joe Lubin.
Meanwhile, the cryptocurrency market faced selling pressure. Ethereum was trading near US$ 1.534 after falling about 5% in 24 hours. In the same period, Bitcoin fell 3,3%, trading in the US$ 58.787 range.
SharpLink shares, traded on Nasdaq, closed the session down 3,49%, quoted at US$ 4,56. Over the last 30 days, the stock has recorded a decline of 26,8%, while the drop over six months exceeds 50%.