On-chain analyst Lookonchain stated that after an 8-month pause in purchases, Sharplink bought 5,000 ETH from FalconX on June 27, paying approximately $18 million, with an average price of $3,609 per coin. The on-chain transaction has been verified on-chain, but Sharplink has not yet released an official announcement. Sharplink stock (Nasdaq: SBET) rose 5.48% on Friday, but is still down 47.37% year-to-date. The company currently holds 876,285 ETH, worth $1.38 billion, making it the second-largest ETH treasury after Bitmine (which holds 5.67 million ETH).

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