Sharplink Revives Ether Accumulation Strategy with $62M in Three Days

Crypto treasury company Sharplink has resumed its active Ether accumulation strategy after an eight-month pause, buying $62.4 million worth of ETH in just three days.

According to onchain data from Arkham, the purchases began with 5,000 $ETH on Thursday, followed by another 5,000 $ETH (worth $7.9 million) on Friday. On Saturday, Sharplink made three over-the-counter transactions totaling 29,196 $ETH, worth approximately $46.7 million.

The three-day buying spree is a significant sign that Sharplink is once again actively accumulating Ether. The company was previously a close competitor to Bitmine as the world's largest ETH treasury company.