Sharplink Acquires 5,000 ETH from FalconX on June 27 After 8-Month Buying Pause

ETH-0.12%

According to onchain analyst Lookonchain, Sharplink acquired 5,000 ETH from FalconX on June 27 after an 8-month buying pause, paying approximately $18 million at an average price of $3,609 per coin. The onchain transaction was verified on-chain, though Sharplink has not issued a formal announcement.

Sharplink's stock (Nasdaq: SBET) jumped 5.48% on Friday following the news, though it remains down 47.37% year-to-date. The company now holds 876,285 ETH valued at $1.38 billion, ranking as the second-largest ETH treasury behind Bitmine's 5.67 million ETH.

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