Sharplink Buys 5,000 ETH from FalconX After 8-Month Pause

Sharplink purchased 5,000 ETH from crypto firm FalconX this week, ending an 8-month buying pause. Onchain analyst Lookonchain spotted the transaction and reported that the publicly traded company paid an average price of $3,609 per coin. The move comes as digital asset treasury firms navigate a bear market that has generated significant paper losses across the sector.

Lookonchain Identifies 5,000 ETH Purchase from FalconX

Lookonchain detailed the transaction in a post on X, stating "After 8 months, Sharplink is buying ETH again." The onchain analyst noted that Sharplink paid an average price of $3,609 per coin and is sitting on $1.7 billion in paper losses. While the company's 5,000 ETH inflow can be verified onchain, Sharplink has not issued a press release or formal announcement regarding the purchase.

Sharplink Holds 876,285 ETH in Second-Largest Treasury

With 876,285 ETH valued at $1.38 billion using current ether exchange rates on Saturday, June 27, 2026, Sharplink ranks below Bitmine's 5,672,956 ETH cache, making it the second-largest ETH treasury. Nearly all of the company's ether remains staked. The company's holdings have been accumulated as part of its digital asset treasury strategy.

SBET Stock Rises 5.48% Following Transaction News

Sharplink's shares trade on Nasdaq, and the stock closed June 26 at $4.81 a share. Shares climbed 5.48% during Friday's trading session after news of the company's ETH purchase began circulating across social media. Despite Friday's gain, Sharplink (Nasdaq: SBET) is down 10.76% over the past week, more than 21% this month, and 47.37% year to date. SBET is trading 99.96% below its all-time high. Sharplink's stock has generally traded at a discount to NAV, with mNAV below 1.0x.

FAQ

How much ETH did Sharplink purchase from FalconX? Sharplink acquired 5,000 ETH from FalconX at an average price of $3,609 per coin, ending an 8-month pause in buying activity.

What is Sharplink's total ETH treasury position? Sharplink holds 876,285 ETH valued at $1.38 billion using current ether exchange rates on Saturday, June 27, 2026, ranking second behind Bitmine's 5,672,956 ETH cache.

How did SBET stock perform after the ETH purchase news? SBET shares closed June 26 at $4.81 and climbed 5.48% during Friday's trading session, though the stock remains down 47.37% year to date and is trading 99.96% below its all-time high.