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.

SharpLink earned 509 ETH in staking rewards this week, bringing total holdings to 876,285 ETH and cumulative rewards to 22,102 ETH since June 2025.

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