Sharplink resumes ETH accumulation after 8-month hiatus, receives 5,000 ETH worth $7.85 million

According to on-chain analyst Ember's monitoring, Sharplink received 5,000 ETH (worth $7.85 million) from FalconX 6 hours ago. This marks the company's first ETH accumulation in 8 months.

Sharplink currently holds 876,000 ETH, valued at $1.37 billion, with an average cost of $3,609. It is currently facing an unrealized loss of $1.789 billion, a decline of 56%.

On June 23, Bitmine, Sharplink, and Joseph Lubin jointly established the Ethereum non-profit organization Ethlabs to take over some of the Ethereum Foundation's functions.