Ethereum treasury firm Sharplink takes in ether for the first time in eight months
The second-largest corporate ether holder received 5,000 ETH worth about $7.85 million on Thursday, its first inflow since October, even as it sits on a paper loss of roughly $1.8 billion.
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Summary
- Sharplink received 5,000 ether worth about $7.85 million from FalconX, its first ether inflow in eight months, even as the token slid in a broad crypto sell-off.
- The company now holds about 876,285 ether, making it the second-largest public ether treasury, but it faces an estimated $1.79 billion unrealized loss with prices far below its average purchase cost.
- Despite surging revenue and an expanded focus on ether staking and onchain yield strategies, Sharplink’s shares have dropped roughly 27% in a month and 50% over six months.
