BlockBeats News, June 26th, according to EmberCN's monitoring, Ethereum treasury company Sharplink received 5,000 ETH (approximately $7.85 million) from FalconX today, marking its first ETH purchase in about 8 months.

As of now, Sharplink holds a total of 876,000 ETH, with a current market value of approximately $1.37 billion. The average holding cost is $3,609 per ETH. Based on the current price, the unrealized loss is about $1.789 billion, representing a significant 56% loss.

The timing is quite intriguing. Just three days ago (June 23rd), Sharplink, together with Bitmine and Ethereum co-founder Joseph Lubin, established the non-profit organization Ethlabs, aiming to take over some functions of the Ethereum Foundation. Sharplink subsequently resumed its ETH purchases on June 26th, leading to market speculation on whether this move is intended to provide endorsement for Ethlabs.