SharpLink Resumes ETH Accumulation After 8 Months, Adds 5,000 ETH

SharpLink has resumed accumulating Ethereum after an eight-month pause, receiving a fresh transfer of 5,000 ETH worth about $7.85 million from FalconX.

Following this latest inflow, SharpLink’s total holdings have increased to 876,285 ETH, with a combined value of approximately $1.4 billion. This figure also includes 22,102 ETH accumulated through staking rewards, adding to its overall position.

Despite the continued growth in holdings, the company’s average purchase price remains around $3,609 per ETH. With Ethereum currently trading near $1,551, SharpLink is sitting on an estimated unrealized loss of about $1.71 billion.

Source: Lookonchain