The buy came days after a group of former Ethereum Foundation researchers launched Ethlabs, a nonprofit Sharplink helped fund.

Bitmine, Sharplink and Joe Lubin have backed the launch of Ethlabs, a nonprofit made to help scale Ethereum for institutions amid an Ethereum Foundation funding crisis.

The buy came days after a group of former Ethereum Foundation researchers launched Ethlabs, a nonprofit Sharplink helped fund.