SharpLink Buys $62.4 Million ETH in Three Days After Eight-Month Pause

SharpLink has aggressively resumed its Ethereum treasury strategy, purchasing $62.4 million of ETH over three days ending June 28, including 29,196 ETH on Saturday alone. This follows an initial 5,000 ETH buy at the 2026 low of $1,537 on June 26 and a larger $46.7 million acquisition at $1,599.50 on June 28. The company now holds 876,285 ETH with cumulative staking rewards of 22,102 ETH, though unrealized losses exceed $1.79 billion against an average cost of $3,609 per ETH. SBET shares remain under pressure amid broader ETH weakness and ETF outflows.