Ethereum treasury firm Sharplink takes in ether for the first time in eight months
Sharplink (SBET) received 5,000 ether (ETH) worth about $7.85 million on Thursday, its first ether inflow in eight months, according to Arkham data showing the coins arriving from crypto brokerage FalconX. The inflow is small against the company's existing pile and lands at an awkward moment. Sharplink held 876,285 ether as of June 21, worth roughly $1.3 billion, making it the second-largest public ether treasury company behind Tom Lee's Bitmine Immersion (BMNR), which held about 5.67 million ether in mid-June.