Key facts
- Sharplink purchased 5,000 Ether (ETH) worth $7.85 million from FalconX.
- This is Sharplink's first ETH purchase in eight months.
- Ether reached its lowest price of 2026 at $1,537 on Thursday.
- Sharplink currently holds 876,285 ETH and ETH equivalents.
- Sharplink is set to be included in the Russell 2000 and Russell 3000 indexes on Monday.
Ether treasury company Sharplink has resumed buying Ether after an eight-month pause, acquiring 5,000 ETH worth $7.85 million. The purchase occurred as Ether's price dropped to $1,537 on Thursday, its lowest point this year, suggesting a potential revival of the company's active accumulation strategy.
Research lead at Bitrue Research Institute, Andri Fauzan Adziima, noted strong corporate accumulation conviction despite subdued price action. Sharplink CEO Joseph Chalom had previously outlined three catalysts for Ether's price growth: the passage of the CLARITY Act in the U.S., a return to market risk appetite contingent on easing geopolitical tensions and cooling AI investment, and the continued growth of real-world asset tokenization.
Developments supporting these catalysts include the upcoming Senate vote on the CLARITY Act, with a House hearing scheduled for July 17, and progress toward a peace agreement between the U.S. and Iran. The value of tokenized real-world assets has also neared its yearly high, reaching $31.55 billion.
Sharplink, which pivoted to an Ethereum treasury company in June 2025, now holds 876,285 ETH and ETH equivalents. Its competitor, Bitmine, holds 5.67 million ETH. Sharplink's purchase precedes its expected inclusion in the Russell 2000 and Russell 3000 indexes on Monday, a move anticipated to broaden its shareholder base and enhance capital market access.