Sharplink Resumes Ethereum Buying Amid Major Unrealized Losses
Sharplink (NASDAQ: SBET) resumed buying Ethereum after an eight-month pause, acquiring 5,000 to 10,000 ETH worth roughly $7.85–16 million in late June 2026. The firm now holds about 886,725 ETH valued at $1.38 billion, but faces over $1.7 billion in unrealized losses due to ETH’s price drop to ~$1,550—far below its average purchase price of $3,609. The purchase was funded by a $75 million registered offering. Sharplink also co-founded Ethlabs and launched a $125 million fund with Galaxy Research, signaling continued institutional commitment despite steep losses and a 55% stock decline over the past year.
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Sharplink Signs Securities Purchase Agreement with Institutional Buyer for 10 Million Shares
On June 22, 2026, Sharplink Inc. (NASDAQ: SBET) finalized a securities purchase agreement with an institutional buyer for the sale of over 10 million shares of common stock at $7.49 per share, representing a 41% premium to the stock's June 18 closing price of $5.29. The deal also includes warrants to purchase additional shares at $8.15 per share, exercisable immediately upon issuance with a four-year expiry. The registered direct offering is expected to close around June 23, with projected gross proceeds of $75 million. Proceeds will be used for working capital, general corporate expenses, future Ethereum (ETH) acquisitions, and share buybacks under the company's stock repurchase program. Sharplink operates as an institutional-grade Ethereum treasury platform and also provides customer acquisition services for sportsbook and online casino operators.
Yahoo FinanceSharplink Signs Securities Purchase Agreement with Institutional Buyer for 10 Million Shares
On June 22, 2026, Sharplink Inc. (NASDAQ: SBET) finalized a securities purchase agreement with an institutional buyer to sell over 10 million common shares at $7.49 per share, a 41% premium to the June 18 closing price of $5.29. The deal includes warrants exercisable at $8.15 per share with a 4-year expiry. The registered direct offering, expected to close around June 23, is projected to generate gross proceeds of $75 million. Proceeds will fund working capital, general corporate expenses, future Ethereum (ETH) acquisitions, and share buybacks. Sharplink operates as an institutional-grade Ethereum treasury platform and also provides customer acquisition services for sportsbook and online casino operators.
Yahoo FinanceSharplink Buys Ethereum for First Time in 2026 With ETH Down 68% From Peak
Publicly traded Ethereum treasury firm Sharplink purchased 10,000 ETH for approximately $16 million, its first acquisition since October 2025. The firm now holds 886,725 ETH valued at $1.38 billion amid Ethereum trading around $1,562, down 68% from its August 2025 all-time high of $4,946. The purchase was funded by a $75 million registered direct offering, as part of CEO Joseph Chalom's strategy to increase ETH per share. Sharplink also bought back 2.1 million SBET shares, totaling over 4 million shares repurchased. Despite the news, SBET shares fell 3% to $4.76, down 22% in the past month and 88% from the 52-week high. The firm remains committed to Ethereum, recently co-founding Ethlabs with BitMine and launching a $125 million fund with Galaxy Research for on-chain yields.
Yahoo FinanceSharplink Resumes Ethereum Purchases After Eight-Month Halt
Crypto treasury firm Sharplink (NASDAQ: SBET) purchased 5,000 Ethereum (ETH) worth $7.85 million on June 25, 2026, marking its first Ethereum acquisition in eight months. The company's last purchase occurred in October 2025, when it added 19,270 ETH for $78.3 million. Sharplink remains the second-largest Ethereum treasury company after Bitmine Immersion Technologies, holding 876,285 ETH as of June 21, 2026, valued at approximately $1.3 billion. However, with Ethereum currently trading at $1,532—down nearly 50% in the first half of 2026—the company's average purchase price of $3,609 implies an unrealized loss of $1.79 billion. Sharplink's stock has declined 55% over the past 12 months to $4.56 per share. Despite the relatively small size of the purchase, crypto bulls view the resumption as an encouraging signal.
Yahoo FinanceSharplink Resumes Ethereum Purchases
Crypto treasury firm Sharplink (NASDAQ: SBET) purchased 5,000 Ethereum (worth $7.85 million) on June 25, 2026, marking its first Ethereum acquisition in eight months. The purchase is small relative to Sharplink's existing holdings of 876,285 ETH (valued at $1.3 billion as of June 21), making it the second-largest corporate Ethereum treasury after Bitmine Immersion Technologies. Sharplink's average purchase price is $3,609 per ETH, implying an unrealized loss of $1.79 billion as ETH trades near $1,532—down nearly 50% in H1 2026. The company's stock has fallen 55% over the past year to $4.56. Despite the modest buy size, crypto bulls view the resumption as an encouraging sign.
Yahoo FinanceSharpLink Resumes Ethereum Buying After 8-Month Pause
SharpLink has resumed buying Ethereum (ETH) after an 8-month pause, acquiring 5,000 ETH worth approximately $7.85 million from FalconX. The purchase brings SharpLink's total ETH holdings to 876,285 ETH, valued at roughly $1.4 billion, including 22,102 ETH from staking rewards. However, the company faces significant unrealized losses as ETH currently trades near $1,556, far below its average purchase price of $3,609, resulting in an unrealized loss exceeding $1.7 billion. The move comes amid a steep market decline, with Ethereum posting two consecutive red quarters and dropping nearly 25% over the past month. SharpLink reported a net loss of $685.6 million for Q1 2026, mostly from non-cash unrealized losses on its ETH holdings, though staking revenue boosted total revenue to $12.1 million. The company has also expanded its Ethereum commitment by funding Ethlabs, a nonprofit research lab supporting Ethereum's institutional adoption.
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