Sharplink, an Ethereum treasury company, started buying Ether again after eight months, picking up 5,000 ETH for about $7.85 million as prices hit a 2026 low. This shows the company still believes in Ethereum, even with the market down, and may signal a return to its previous buying strategy. The purchase also comes just before Sharplink is expected to join the Russell 2000 and Russell 3000 indexes, which could help it get noticed by more institutional investors.
According to Arkham, blockchain data shows a Sharplink-linked wallet received Ether from FalconX, a crypto prime broker, on Thursday. This was Sharplink’s first ETH purchase through FalconX since last October, when it bought over $78 million in Ether. The latest buy happened as ETH dropped to about $1,537, its lowest price this year.
Experts say the timing is important. Andri Fauzan Adziima, research head at Bitrue Research Institute, said companies still have strong faith in Ethereum, even though prices are down. Sharplink’s latest purchase suggests it sees the current market dip as a chance to stick with its long-term plan, not a reason to pull back.
In 2025, Sharplink shifted from being a sports betting affiliate to an Ethereum treasury company and named Consensys co-founder Joseph Lubin as chairman. It used to be the biggest public holder of Ether, but now Bitmine has taken the lead with over 5.6 million ETH after buying aggressively. Sharplink now holds more than 876,000 ETH and ETH equivalents from purchases and staking rewards.
Sharplink has pointed to a few reasons that could help Ethereum’s price recover. These include progress on the CLARITY Act in the U.S., less global tension making investors more willing to take risks, and ongoing growth in tokenizing real-world assets. While not all of these trends are complete, tokenized assets keep growing, which boosts confidence in Ethereum’s future in blockchain finance.
Sharplink is expected to join the Russell 2000 and Russell 3000 indexes soon. Being included in these indexes often brings in buying from index funds and ETFs, which could help Sharplink attract more shareholders and make it easier to raise money.
Even though Ethereum is still struggling, Sharplink’s recent purchase shows it is staying committed to its long-term investment plan. The company is betting that low prices now could turn into opportunities in the future.
SharpLink Resumes Ethereum Buying After 8-month Pause@Sharplink Buys 5,000 ETH Worth $7.85M, Bringing Total Holdings To 876,285 ETH Valued At $1.4B #SharpLink #Ethereum #Crypto #CorporateETHAdoption pic.twitter.com/5a2DTIvZbv
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