With 876,285 ETH valued at $1.38 billion using current ether exchange rates on Saturday, June 27, 2026, Sharplink ranks below Bitmine’s 5,672,956 ETH cache, making it the second-largest ETH treasury today. This week, the onchain analyst on X known as Lookonchain detailed that Sharplink acquired 5,000 ETH from the crypto firm FalconX.

“After 8 months, Sharplink is buying ETH again,” Lookonchain wrote. The onchain analysts also noted in the X post that the publicly traded firm paid an average price of $3,609 per coin and is sitting on $1.7 billion in paper losses. While the company’s 5,000 ETH inflow can be verified onchain, Sharplink has not issued a press release or formal announcement.

Sharplink is among the growing roster of digital asset treasury (DAT) firms watching the crypto bear market eat into their paper gains. The company’s shares trade on Nasdaq, and the stock closed June 26 at $4.81 a share. Shares climbed 5.48% during Friday’s trading session after news of the company scooping up more ETH began circulating across social media.

Sharplink chart via Tradingview.

Despite Friday’s 5.48% lift, Sharplink (Nasdaq: SBET) is down 10.76% over the past week, more than 21% this month, and 47.37% year to date. Hardly cause for celebration. SBET is also trading 99.96% below its all-time high. Sharplink’s stock has generally traded at a discount to NAV, with mNAV below 1.0x, while nearly all of the company’s ether remains staked.

Sharplink’s renewed buying signals conviction, but the numbers tell a harder story. Whether accumulating through a bear market proves prescient or painful remains an open question.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。