Ethereum treasury firm Sharplink takes in ether for the first time in eight months

Markets Ethereum treasury firm Sharplink takes in ether for the first time in eight months The second-largest corporate ether holder received 5,000 ETH worth about $7.85 million on Thursday, its first inflow since October, even as it sits on a paper loss of roughly $1.8 billion. By Shaurya Malwa | Edited by Jamie Crawley Jun 26, 2026, 9:47 a.m. 2 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on Summary Show Sharplink received 5,000 ether worth about $7.85 million from FalconX, its first ether inflow in eight months, even as the token slid in a broad crypto sell-off. The company now holds about 876,285 ether, making it the second-largest public ether treasury, but it faces an estimated $1.79 billion unrealized loss with prices far below its average purchase cost. Despite surging revenue and an expanded focus on ether staking and onchain yield strategies, Sharplink’s shares have dropped roughly 27% in a month and 50% over six months. Sharplink (SBET) received 5,000 ether (ETH) worth about $7.85 million on Thursday, its first ether inflow in eight months, according to Arkham data showing the coins arriving from crypto brokerage FalconX. The inflow is small against the company's existing pile and lands at an awkward moment. Sharplink held 876,285 ether as of June 21, worth roughly $1.3 billion, making it the second-largest public ether treasury company behind Tom Lee's Bitmine Immersion (BMNR), which held about 5.67 million ether in mid-June. Onchain analyst EmberCN put Sharplink's average purchase price at about $3,609 per coin, which implies an unrealized loss of around $1.79 billion with ether trading near $1,555. Its last inflow came in October 2025, when it added 19,270 ether for $78.3 million, also now deep underwater. The ether arrived as the token fell 5% over 24 hours in a broad crypto selloff, dropping below $1,560 as bitcoin slipped under $59,000. Tether's USDT briefly overtook ether by market value during the rout, at about $186 billion to ether's $185 billion. Sharplink has leaned harder into ether even as the price has fallen. It rebranded from SharpLink Gaming in February while expanding from basic ether staking, locking up tokens to help secure the network in exchange for rewards, into other onchain yield strategies. It reported $12.1 million in revenue in the first quarter, compared to $742,000 a year earlier. The company recently backed Ethlabs, a nonprofit founded by former Ethereum Foundation researchers to ready the network for wider institutional use, alongside Bitmine and Ethereum co-founder and Sharplink chairman Joe Lubin. The market has not rewarded the conviction, however. Sharplink's Nasdaq-listed shares closed down 3.5% at $4.56 on Thursday and have fallen about 27% in a month and 50% over six months. Sharplink has not publicly confirmed the transfer. CoinDesk has reached out for comment. Ethereum News Latest Crypto News 1 Japanese financial services giant SBI Holdings to buy Bitbank for $289 million 1 hour ago 2 Grant Cardone says he will keep buying bitcoin using real estate cash flows 1 hour ago 3 Too big to fail: Strategy’s $13 billion bitcoin paper loss alone dwarfs hundreds of prominent tokens 3 hours ago 4 Ether, XRP and dogecoin lead a broad crypto selloff as tech stocks tumble 4 hours ago 5 Live markets: Bitcoin rebounds to nearly $60,000. Kospi, Nikkei sink 4 hours ago 6 Asset management giant Invesco files for tokenized fund targeting stablecoin reserve market 13 hours ago 7 Coinbase's Base blockchain resumes after two-hour outage disrupted network 15 hours ago 8 Strategy's yield-generating STRC stock is more correlated with BTC than ever 15 hours ago 9 Kraken in talks to buy 15% stake in DeFi lender Aave at $385 million valuation 16 hours ago 10 a16z-backed crypto firm rebrands, shifts focus to solving AI’s global copyright headache 16 hours ago Latest Research Equities on Crypto Rails: A Platform Comparison Equities on Crypto Rails: A Platform Comparison US equities on crypto rails: access is easy, on-chain composability is the real test. Only Binance and Backpack deliver both - and only Binance at scale. By CoinDesk Research 1 minute ago US equities on crypto rails: access is easy, on-chain composability is the real test. Only Binance and Backpack deliver both - and only Binance at scale. Why it matters : US equities on crypto rails: access is easy, on-chain composability is the real test. Only Binance and Backpack deliver both - and only Binance at scale. View Full Report More From Markets Too big to fail: Strategy’s $13 billion bitcoin paper loss alone dwarfs hundreds of prominent tokens Ether, XRP and dogecoin lead a broad crypto selloff as tech stocks tumble Strategy's yield-generating STRC stock is more correlated with BTC than ever