SharpLink resumes ETH purchases after 8 months with $7.85M buy

SharpLink (SBET), a Nasdaq-listed company with an Ethereum acquisition strategy, has withdrawn 5,000 ETH ($7.85 million) from FalconX, marking its first purchase of the asset in eight months, AmberCN reported. SharpLink now holds a total of 876,000 ETH, valued at $1.37 billion. The company's unrealized loss on its holdings amounts to $1.789 billion.