Sharplink Resumes Ethereum Purchases

CryptoProwl

Fri, June 26, 2026 astatine 11:22 AM CDT 1 min read

For the archetypal clip successful 8 months, crypto treasury steadfast Sharplink (NASDAQ: $SBET) has bought Ethereum (CRYPTO: $ETH).

Sharplink bought 5,000 Ethereum worthy $7.85 cardinal U.S. connected June 25, its archetypal acquisition successful 8 months, according to marketplace data.

While the acquisition is tiny compared to the company's existing Ethereum pile, it is nevertheless being taken arsenic an encouraging motion by crypto bulls. 

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Sharplink held 876,285 ETH worthy $1.3 cardinal U.S. connected June 21 of this year.

That makes Sharplink the second-largest Ethereum treasury institution aft Bitmine Immersion Technologies (NYSE: $BMNR), which owns 5.67 cardinal ETH.

The past Ethereum purchased by Sharplink occurred successful October 2025, erstwhile it added 19,270 ETH for $78.3 cardinal U.S.

Sharplink's mean acquisition terms of Ethereum is estimated astatine $3,609 U.S. per coin, which implies an unrealized nonaccomplishment connected its holdings of $1.79 cardinal U.S. 

The latest acquisition by Sharplink comes with Ethereum presently trading astatine $1,532 U.S., down astir 50% successful this year's archetypal half.

SBET banal has declined 55% successful the past 12 months to commercialized astatine $4.56 U.S. per share.