Ether treasury Sharplink bought $62.4M ETH last week

Sharplink bought nearly 40,000 ETH last week after an eight-month pause, adding to signs the company has resumed its Ether accumulation strategy.

Crypto treasury company Sharplink, which resumed buying Ether last week after an eight-month pause, has bought a total of $62.4 million worth of Ether since Thursday. 

Onchain data from Arkham shows that after Sharplink bought 5,000 ETH on Thursday, it bought another 5,000 ETH (worth $7.9 million) on Friday, followed by 29,196 ETH (worth $46.7 million) across three over-the-counter transactions on Saturday. 

Source: Lookonchain

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