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.

SharpLink resumed buying Ether after an eight-month pause, scooping up $7.85 million worth of ETH as the token fell to its lowest price in 2026.

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…

SharpLink bought 5,000 ETH worth $7.85M on June 26, resuming purchases after an eight-month pause. Total holdings now sit at 876,285 ETH.

Sharplink reportedly bought 5,000 ETH from FalconX, ending an 8-month pause despite $1.7B in paper losses on 876,285 ETH.