Ethereum treasury firm Sharplink takes in ether for the first time in eight months
CoinDesk·
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Sharplink, the second-largest corporate ether holder, receives 5,000 ETH worth approximately $7.85 million on Thursday, marking its first inflow since October. This influx comes despite holding a paper loss of roughly $1.8 billion. The move indicates a potential shift in Sharplink's strategy, possibly signaling a rebound in the market or a tactical play to mitigate losses.
The second-largest corporate ether holder received 5,000 ETH worth about $7.85 million on Thursday, its first inflow since October, even as it sits on a paper loss of roughly $1.8 billion.