finance
Sharplink receives 5,000 ether in first inflow since October
The company added 5,000 ether worth about $7.85 million on Thursday. It now holds roughly 876,285 ether and reports an unrealized loss of about $1.79 billion.
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Sharplink received 5,000 ether worth about $7.85 million on Thursday from FalconX, marking its first ether inflow in eight months. The company now holds about 876,285 ether, making it the second-largest public ether treasury behind Bitmine Immersion.
Onchain data place its average purchase price near $3,609 per coin, implying an unrealized loss of roughly $1.79 billion at current prices around $1,555.
Company operations Sharplink reported $12.1 million in revenue for the first quarter, up from $742,000 a year earlier. It has expanded from basic ether staking into additional onchain yield strategies and backed Ethlabs, a nonprofit preparing the network for wider institutional use.
Its Nasdaq-listed shares closed down 3.5 percent at $4.56 on Thursday and have fallen about 27 percent in the past month. The company has not publicly confirmed the transfer.
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