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3w ago

Sharplink Buys About $80 Million in Ether, Taking Holdings to Roughly 859,000 ETH

The purchase follows a $76.5 million equity raise that has fueled Sharplink’s broader Ethereum treasury strategy.

Overview

  • On-chain trackers report a 19,271 ETH acquisition worth roughly $78–80 million, linking activity to wallet 0x5e3b62e38808fc9582c23bc05e8a19a091d979c9.
  • Sharplink’s disclosed Ether treasury stands near 859,400–859,853 ETH valued around $3.6 billion, ranking second among public corporate holders behind BitMine.
  • The company recently completed a $76.5 million registered direct offering at $17 per share and previously signed $400 million in securities purchase agreements to support treasury operations.
  • Sherwood News cites on-chain data showing a single $78 million ETH transfer to a Sharplink-linked address from trading firm FalconX.
  • ETH traded near $4,240 after a roughly 7% daily rise, corporate treasuries collectively hold about 5.98 million ETH, and ACY Securities suggests Sharplink may be positioning for potential ETF-related inflows.