Sharplink buys ETH after 8-month pause as token hits 2026 low
Sharplink bought 5,000 ETH worth about $7.85 million through FalconX, its first Ether purchase in eight months, as ETH fell to $1,537, its lowest level this year. The move may signal renewed corporate accumulation after a long pause. Sharplink now holds 876,285 ETH and ETH equivalents, built through purchases and staking rewards since it pivoted into an Ethereum treasury company in June 2025. The company previously lost its position as the largest public ETH holder to Bitmine, which now holds 5.67 million ETH. Sharplink’s buy also comes just before its expected inclusion in the Russell 2000 and Russell 3000 indexes, a development that could expand its investor base and improve access to capital. Sharplink leadership has pointed to three potential ETH catalysts: US regulatory progress, improving market risk appetite, and growth in real-world asset tokenization.
