The second-largest corporate ether holder acquired 5,000 ETH valued at $7.85 million, its first inflow since October.
Sharplink, the second-largest corporate holder of ether, received 5,000 ETH worth $7.85 million on Thursday, marking its first inflow in eight months. The purchase occurs despite the firm facing a paper loss of approximately $1.8 billion on its holdings.
Prior to this transaction, Sharplink had not added to its ETH reserves since October. The firm’s ether holdings remain significant, though current market conditions have eroded their value compared to previous highs.
No immediate market reaction was reported following the inflow.