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- SharpLink resumes Ethereum accumulation with first 5,000 ETH purchase in eight months.
- EmberCN reports onchain data shows FalconX transferred Ethereum to SharpLink successfully.
- Latest acquisition reinforces SharpLink’s long-term Ethereum treasury strategy despite market weakness.
After an eight month hiatus, SharpLink has restarted its Ethereum purchase with 5,000 ETC bought for about $7.85 million. EmberCN, an on-chain analyst, revealed that the Ethereum treasury company got the assets from FalconX Thursday, according to data from the company, Arkham Intelligence. The transaction indicates that this isn’t the first time SharpLink has acquired ETH, as it had done so in October 2025, and it shows the company’s ongoing efforts to diversify its digital asset portfolio.
EmberCN reports that this isn’t SharpLink’s first purchase of Ethereum, as it completed a transaction in October 2025 to acquire 19,270 ETH valued at approximately $78.3 million. Although the company hasn’t confirmed the most recent deal in public, the on-chain data indicates that the company resumed its accumulation campaign despite the cryptocurrency market’s bear run.
According to the figures released on the SharpLink website, it currently has about 876,285 ETH valued at around $1.3 billion, as of June 21. EmberCN estimated company’s average acquisition cost at $3,609 per ETH. If these stocks were priced at today’s levels, that would mean the company has about $1.79 billion in unrealized losses.
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Ethereum Treasury Grows Despite Market Decline
SharpLink has made big unrealized losses but is still one of the top corporate Ethereum holders. The company is still the world’s second-largest publicly traded Ethereum treasury company. Bitmine Immersion is the top with around 5.67 million ETH so far as of June 14. Furthermore, SharpLink has been constantly continuing to expand its blockchain operations beyond Ethereum staking. In February, the company rebranded from SharpLink Gaming in order to pivot to more general onchain yields strategies. The company has also seen a sharp turnaround in the financial results in line with that strategic shift.
In the first quarter, SharpLink had total revenue of $12.1 million. This was a significant improvement over the $742,000 raised in the same period a year ago. The revenue growth coincided with the company’s ongoing investment in Ethereum and other blockchain projects.
In addition, SharpLink has recently sponsored the creation of a non-profit project named Ethlabs that was created by researchers from the Ethereum Foundation. The group says it wants to “facilitate Ethereum’s next wave of institutional adoption. Joe Lubin, SharpLink Chairman and co-founder of Ethereum, is backing the project along with Bitmine Immersion.
Ethereum however continued to face pressure in the overall crypto market. The digital currency fell approximately 5% in the last 24 hours to trade in the vicinity of $1,534. Bitcoin also dropped 3.3% to around $58,787. At the same time, Tether’s USDT passed the market capitalization of Ethereum, having reached about $186.1 billion. The Nasdaq-listed stock closed 3.49% lower at $4.56 on Thursday. Over the past month, the shares have fallen 26.8%. They have also declined more than 50% during the last six months.
Latest Purchase Signals Continued Long-Term Commitment
The new buy is the first time since the last acquisition in February that SharpLink has made a purchase of Ethereum, marking an important step in the treasury strategy. lthough the transaction remains unconfirmed by the company, the onchain data cited by EmberCN indicates SharpLink continues accumulating Ethereum despite ongoing market weakness and unrealized losses.
This is the first time that SharpLink has acquired ETH since it bought 5,000 of them in August 2018. The transaction marks the second time this year that the firm has chosen to bolster its position as one of the biggest public Ethereum holders and the third occasion since mid-2020 that it has opted to continue increasing its treasury in difficult market conditions.
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