Sharplink Adds $62.4M in Ether to Treasury in Weekly Purchase
Sharplink, a crypto treasury firm that had paused its Ether purchases for roughly eight months, has restarted accumulation with a concentrated buy program. Arkham on-chain records reviewed by Cointelegraph show the company spent a total of $62.4 million on Ether purchases over th...
➤ Crypto treasury firm Sharplink has resumed significant Ether purchases, acquiring $62.4 million worth in a concentrated three-day period after an eight-month pause. ➤ This accumulation coincides with Sharplink's backing of Ethlabs, a new nonprofit focused on preparing Ethereum for institutional adoption, particularly for tokenized assets and stablecoins. ➤ Despite Sharplink's increased holdings, broader market indicators show ongoing pressure on Ether, with continued outflows from spot Ether ETFs and a month-on-month price decrease.













