On June 26, according to EmberCN monitoring, Ethereum treasury company Sharplink received 5,000 ETH (approximately $7.85 million) from FalconX today, about 8 months after its most recent ETH purchase.

As of now, Sharplink has a total of 876,000 ETH. Its current market value is approximately $1.37 billion. The average cost basis of its holdings is $3,609, and based on current prices, its unrealized loss is about $1.789 billion—an extremely high loss rate of 56%.

The timing is drawing a great deal of attention. Just three days ago (June 23), Sharplink, together with Bitmine and Ethereum co-founder Joseph Lubin, jointly established the nonprofit organization Ethlabs, positioned as a new institution to take on some of the Ethereum Foundation’s functions. Shortly afterward, on June 26, Sharplink restarted ETH purchases. The market widely speculates whether this move is intended to provide endorsement support for Ethlabs. #BTC下探60000美元关键关口