SharpLink (SBET) Resumes Ethereum Accumulation, Scoops 5000 ETH After 8 Months

26 Jun, 2026

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Varinder is a seasoned leader in the fintech and crypto media with over 12 years of experience, including over 6 years dedicated to blockchain, crypto, and Web3 developments. He is known for covering high-impact and quality news stories for publishers such as CoinGape, The Coin Republic, and The Crypto Times, while perfecting and training multiple journalists during his tenure. Being a Master of Technology degree holder, analytics thinker, and tech enthusiast, he has shared his knowledge of disruptive technologies in over 6000 news articles and papers.

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SharpLink (SBET) Resumes Ethereum Accumulation, Scoops 5000 ETH After 8 Months

Highlights

Ethereum treasury company SharpLink buys 5000 ETH, resuming Ethereum accumulation.
The purchase comes after an 8 months pause, generating 22,102 ETH from staking during the period.
SBET stock and Ethereum price jump amid recent buy by SharpLink.

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Ethereum treasury company SharpLink has resumed Ethereum accumulation, adding 5,000 ETH after an eight-month pause. The purchase has increased its holdings to 876,000 ETH. Moreover, SBET stock jumped by 0.22% in after-hours trading.

Ethereum DAT SharpLink Buys 5000 ETH After 8 Months

On-chain data expert Lookonchain on June 26 revealed that SharpLink resumed ETH accumulation after an 8-month pause. The Ethereum treasury company received 5,000 ETH worth $7.85 million from FalconX.

With the latest purchase, SharpLink has increased its total holdings to 876,285 ETH valued at $1.4 billion. The company has also generated nearly 22,102 ETH from staking.

SharpLink Receives 5000 ETH. Source: Arkham

The company’s average Ethereum purchase price sits at $3,609. This makes the company sit at an almost $1.71 billion in unrealized loss at current ETH prices around $1,570. This shows the company remains committed to its treasury strategy.

Transaction history shows periodic large buys via FalconX and Coinbase Prime, indicating ongoing institutional allocation to ETH as a long-term reserve asset rather than short-term trading.

Meanwhile, Bitmine Immersion, SharpLink, Consensys founder Joseph Lubin launched a new Ethereum nonprofit Ethlabs. SharpLink CIO Matt Sheffield described Ethlabs as an independent organization that will help prepare Ethereum for its next phase of institutional adoption.

SBET Stock Bounces in After-Market Trading

SBET stock closed 3.39% lower at $4.56 on Thursday. The intraday high and low were $4.84 and 4.52, respectively. The stock has plunged nearly 25% in a month amid a massive Ethereum price crash.

However, SBET stock price jumped more than 0.22% after SharpLink resumed Ethereum accumulation. Also, Trading volume was 11.74 million, significantly higher than the average volume of 8 million.

SharpLink (SBET) Stock Price Jumps After Market Hours. Source: Google Finance

Meanwhile, Ethereum price has rebounded more than 4%, with the latest rebound coming after CoinGape reported crypto market recovery signs. The price is currently trading at $1580, with a 24-hour low and high of $1,510 and $1,656, respectively. Furthermore, trading volume has increased by 11%, indicating a rise in interest among traders.

Coinglass data also indicates buying sentiment in futures markets in the last few hours. The total ETH futures open interest jumped 2.91% to $22.45 billion in the past 4 hours. Notably, ETH futures OI on CME surged more than 4% and climbed 1.69% on Binance, signaling bullish sentiment among derivatives traders.

ETH Futures Open Interest Surges. Source: Coinglass

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.