After 8 months of inactivity, Sharplink has resumed its ETH accumulation, a move that comes coincidentally three days following the establishment of Ethlabs.
2 hours ago
According to EmberCN’s monitoring, Ethereum treasury firm Sharplink received 5,000 ETH (worth approximately $7.85 million) from FalconX today, marking its first ETH purchase in about eight months. As of press time, Sharplink holds a total of 876,000 ETH, with a current market value of around $1.37 billion, an average cost basis of $3,609 per ETH, and an unrealized loss of roughly $1.789 billion at current prices, translating to a 56% loss. The timing of this move is particularly notable: just three days ago (June 23), Sharplink co-founded non-profit organization Ethlabs alongside Bitmine and Ethereum co-founder Joseph Lubin, a new entity positioned to take over some functions of the Ethereum Foundation. Sharplink subsequently resumed ETH purchases on June 26, sparking widespread market speculation that the move is intended to provide endorsement and support for Ethlabs.
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