Sharplink Receives 5,000 ETH in First Inflow Since October 2025
Sharplink, the second-largest corporate holder of ether, announced it received 5,000 ETH valued at approximately $7.85 million on June 26, 2026. This marks its first ether inflow in eight months, despite the firm facing a significant unrealized loss of nearly $1.8 billion, according to CoinDesk.
On June 26, 2026, Sharplink, a prominent corporate treasury managing ether, received a transaction of 5,000 ether (ETH) valued around $7.85 million. This inflow was facilitated by crypto brokerage FalconX and marks the first increase in ether holdings for Sharplink since October 2025, when it last acquired 19,270 ether for $78.3 million.
Despite this recent addition, Sharplink currently holds approximately 876,285 ether, representing a total value of about $1.3 billion. This position makes Sharplink the second-largest public ether treasury company, following Bitmine Immersion, which possessed approximately 5.67 million ether as of mid-June. However, the company is reportedly facing an unrealized loss of around $1.79 billion due to ether's average purchase price being approximately $3,609 per coin, while current trading values hover near $1,555.
The ether inflow occurs amid a broader crypto market sell-off, with ether prices dropping 5% within 24 hours as bitcoin also fell below $59,000. During this downturn, Tether's stablecoin (USDT) briefly surpassed ether's market value.
Sharplink has been investing in various strategies to optimize its ether holdings, including jumping into ether staking, where tokens are locked to help secure the network in exchange for rewards. The company reported substantial revenue growth, paying $12.1 million in the first quarter of the year, up from just $742,000 in the same quarter of the previous year. Nevertheless, Sharplink's stock has seen a noticeable decline, falling about 27% in a month and a total of 50% over the past six months.
Despite its significant buying activities and revenue increases, the market appears to have not rewarded Sharplink’s strategic moves, as highlighted by a recent decline of its Nasdaq-listed shares, which closed down 3.5% to $4.56 on the day of the ether inflow. In February, the company rebranded from SharpLink Gaming and is also involved in backing Ethlabs, a nonprofit focused on preparing the Ethereum network for increased institutional use.
Sharplink has yet to publicly confirm the latest ether transfer, and CoinDesk has reached out for further details on this transaction.
Summary based on original reporting by Shaurya Malwa at CoinDesk, originally published Jun 26, 2026. SolanaWire does not republish source content.
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