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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
06/27/2026

SharpLink Adds 5,000 ETH Amid $1.8B Paper Loss

What happened: SharpLink, the second-largest corporate holder of ether, purchased 5,000 ETH (about $7.

SharpLink Adds 5,000 ETH Amid $1.8B Paper Loss

What happened: SharpLink, the second-largest corporate holder of ether, purchased 5,000 ETH (about $7.85 million) via FalconX on June 25–26, marking its first acquisition since October 2025. This brings its total holdings to 876,285 ETH. Despite the buy, SharpLink’s average cost basis remains at $3,609 per ETH, leaving it with an unrealized loss of approximately $1.79 billion at current prices. The purchase coincided with ETH hitting a 2026 low of around $1,537. SharpLink’s stock fell 3.5% on the day and is down 50% over six months.

Why it matters: The move is largely symbolic, as the new purchase represents just 0.57% of SharpLink’s treasury. However, the timing—just ahead of the company’s inclusion in the Russell 2000/3000 indexes—suggests a strategic “buy the dip” posture. The buy also comes as SharpLink, rebranded from a gaming company earlier this year, seeks to reposition itself within the Ethereum ecosystem, having recently backed the new Ethlabs R&D nonprofit alongside Bitmine Immersion and ConsenSys co-founder Joe Lubin.

Source: CoinDesk