business
Ethereum treasury firm Sharplink takes in ether for the first time in eight months
Key takeaways
- The inflow is small against the company's existing pile and lands at an awkward moment.
- Onchain analyst EmberCN put Sharplink's average purchase price at about $3,609 per coin, which implies an unrealized loss of around $1.79 billion with ether trading near $1,555.
- Its last inflow came in October 2025, when it added 19,270 ether for $78.3 million, also now deep underwater.
The inflow is small against the company's existing pile and lands at an awkward moment. Sharplink held 876,285 ether as of June 21, worth roughly $1.3 billion, making it the second-largest public ether treasury company behind Tom Lee's Bitmine Immersion (BMNR), which held about 5.67 million ether in mid-June.
Onchain analyst EmberCN put Sharplink's average purchase price at about $3,609 per coin, which implies an unrealized loss of around $1.79 billion with ether trading near $1,555.
Its last inflow came in October 2025, when it added 19,270 ether for $78.3 million, also now deep underwater.
Article preview — originally published by CoinDesk. Full story at the source.
Read full story on CoinDesk →
More top stories
Aggregated and edited by the Scoop newsroom. We surface news from CoinDesk alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop