Consensys Sells Entire 5.7M Share Stake in Sharplink at $8.39, Drops Below 5%
SBET sits 89% above its 52-week low of $4.46.
Summary
Consensys Software sold its entire 5.7 million share stake in Sharplink at $8.39 per share, dropping the Lubin group's ownership below 5%.
Updates
· SEC 4 — Director Joseph Lubin filed a Form 4 disclosing the sale of 5,676,952 Sharplink shares at $8.39 per share, totaling $47.6 million, by Consensys Software Inc.
Key Events · Ownership and Investor Activity · SBET
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CSI Exits Entire Sharplink Position
Consensys Software Inc. sold all 5,676,952 shares of Sharplink common stock in a block trade at $8.39 per share on October 8, 2026, liquidating its entire position.
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Ownership Drops Below 5% Threshold
The Lubin-affiliated group's aggregate beneficial ownership fell to approximately 4.9% of outstanding shares, ceasing to be 5% beneficial owners as of October 8, 2026.
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Warrant Exercises Increased Share Count
Pre-funded warrants held by Mr. Lubin, PHPC LLC, and CSI were exercised for a nominal price due to an increase in outstanding shares, contributing to the ownership percentage decline.
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Block Trade Valued at ~$47.6M
The sale of 5,676,952 shares at $8.39 per share represents approximately $47.6 million in proceeds to CSI.
Analysis · SBET · Crypto Assets
Consensys Software Inc. (CSI), an entity controlled by Joseph Lubin, sold its entire position of 5,676,952 shares in a block trade at $8.39 per share on October 8, 2026. The sale reduces the Lubin-affiliated group's aggregate beneficial ownership from above 5% to approximately 4.9%, meaning they are no longer required to file as 5% beneficial owners. The block trade represents a complete exit by CSI, a blockchain software company with strategic focus on Ethereum, and comes amid Sharplink's significant Q2 losses driven by unrealized losses on its ETH holdings. The sale price of $8.39 is slightly below today's price of $8.45, but the filing does not state the market price at the time of the transaction.
How filings like this one have moved
In the 30 days to Oct 13, 2026, 29.1% of the 1502 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.50%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SBET was trading at $8.45 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $4.46 to $16.20. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.