The second-largest corporate ether holder added 5,000 ETH worth $7.85 million despite a $1.79 billion unrealized loss.
Sharplink, the second-largest public ether treasury firm, received 5,000 ETH valued at $7.85 million on Thursday, its first inflow since October. The transaction came from crypto brokerage FalconX, per onchain data, but the addition is modest compared to its existing holdings of 876,285 ETH worth roughly $1.3 billion.
The company’s average purchase price of $3,609 per ETH leaves it facing an estimated $1.79 billion unrealized loss as ether trades near current levels. Sharplink trails only Bitmine Immersion, which held 5.67 million ETH in mid-June, in corporate ether holdings.
Despite recent revenue growth and expanded staking strategies, Sharplink’s shares have fallen 27% in the past month and 50% over six months, reflecting broader crypto market pressures.