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Crypto•26 June 2026•

1 min read

Sharplink receives 5,000 ETH despite $1.8B paper loss

Key Facts

1Sharplink, 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.

Despite large paper losses, Sharplink continues to bolster its ether holdings. The company, the second-largest corporate holder of ether, received 5,000 ETH worth approximately $7.85 million on Thursday, June 26, 2026, its first deposit since October 2025. According to reports, this move comes even as it sits on an unrealized loss of roughly $1.8 billion on its ether holdings.

This inflow comes at a time when ether is under price pressure, down 15% year-to-date per market data. Sharplink is one of the largest companies holding ether on its balance sheet, alongside firms like MicroStrategy which focus on bitcoin. The move signals a long-term accumulation strategy despite adverse market conditions.

At the close on June 26, ether was trading around $1,570, according to market data. Traders are watching major central bank meetings and ether ETF flows as potential catalysts. Any significant upside move could reduce the company's paper losses, but risks remain amid regulatory and economic uncertainty.