Sharplink bought 5,000 ETH worth $7.85 million on Thursday, marking its first ether acquisition in eight months, according to onchain data cited by analysis provider EmberCN. The purchase, identified through Arkham data showing a 5,000 ETH transfer from FalconX, follows the company's last ether buy in October 2025, when it obtained 19,270 ETH valued at $78.3 million. As of June 21, Sharplink held 876,285 ETH worth approximately $1.3 billion, with EmberCN estimating an average acquisition cost of $3,609 per ETH — implying an unrealized loss of roughly $1.79 billion at current market prices.
Sharplink Holds 876,285 ETH With $1.79 Billion Unrealized Loss
As of June 21, Sharplink held 876,285 ETH, worth roughly $1.3 billion, according to its website. EmberCN estimated that the company's average acquisition cost stood at $3,609 per ETH, which implies an unrealized loss of about $1.79 billion. The company has not publicly disclosed the reported ETH purchase.
Sharplink remains the world's second-largest public ETH treasury company, behind Bitmine Immersion, which held 5.67 million ETH ($8.7 billion) as of June 14.
Company Expands From Gaming Rebrand to Onchain Yield Strategies
Sharplink rebranded from SharpLink Gaming in February as it expanded from traditional ether staking into other onchain yield strategies. The company reported $12.1 million in total revenue in the first quarter of this year, a significant leap from just $742,000 in the same quarter last year.
The treasury firm recently supported the launch of Ethlabs, a nonprofit founded by a group of former Ethereum Foundation researchers to help prepare the network for its "next phase" of institutional adoption. Ethlabs is also backed by Ethereum co-founder and Sharplink Chairman Joe Lubin, as well as Bitmine Immersion.
Ethereum Falls 5% as Sharplink Stock Declines 3.49%
Ethereum fell 5% over the past 24 hours to trade at $1,534 as of 10:40 p.m. Thursday, according to The Block's price page. The crypto market saw a broader decline, with bitcoin dropping 3.3% to $58,787. Tether's USDT, meanwhile, surpassed Ethereum's $185.4 billion market cap with $186.1 billion.
Sharplink's Nasdaq-listed shares closed down 3.49% at $4.56 on Thursday. The stock has fallen 26.8% over the past month and 50.4% over the past six months.
FAQ
What did Sharplink buy on Thursday?
Sharplink bought 5,000 ETH worth $7.85 million on Thursday, according to onchain data cited by EmberCN. Arkham data showed the company received 5,000 ETH from FalconX. This marked Sharplink's first ether purchase in eight months, with its last acquisition occurring in October 2025 when it obtained 19,270 ETH valued at $78.3 million.
How much Ethereum does Sharplink currently hold?
As of June 21, Sharplink held 876,285 ETH worth approximately $1.3 billion, according to its website. EmberCN estimated the company's average acquisition cost at $3,609 per ETH, implying an unrealized loss of roughly $1.79 billion. Sharplink remains the world's second-largest public ETH treasury company behind Bitmine Immersion.
How has Sharplink's business evolved in 2026?
Sharplink rebranded from SharpLink Gaming in February as it expanded from traditional ether staking into other onchain yield strategies. The company reported $12.1 million in total revenue in the first quarter of this year, compared to $742,000 in the same quarter last year. The firm also recently supported the launch of Ethlabs, a nonprofit backed by Ethereum co-founder and Sharplink Chairman Joe Lubin.
