Sharplink resumes ETH accumulation after 8 months, receives 5,000 ETH worth $7.85 million
Odaily reported, citing on-chain analyst Yu Jin, that 6 hours ago, Sharplink received 5,000 ETH worth $7.85 million from FalconX. This marks the company's first ETH accumulation after an 8-month pause.
Sharplink currently holds 876,000 ETH valued at $1.37 billion, with an average cost of $3,609 per ETH. The company has an unrealized loss of $1.789 billion, representing a 56% decline.
On June 23, Bitmine, Sharplink, and Joseph Lubin jointly established the Ethereum nonprofit organization Ethlabs, which will take over part of the responsibilities of the Ethereum Foundation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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