Sharplink Buys Ether for First Time in Eight Months as Price Hits Year Low
L'essentiel
- Ether treasury company Sharplink purchased 5,000 ETH for $7.85 million, marking its first Ether acquisition in eight months as the token reached its lowest price this year.
- This move suggests a potential revival of its accumulation strategy, occurring days before its expected inclusion in the Russell indexes.
Résumé généré par IA
Pourquoi c'est important
Sharplink pivoted to an Ethereum treasury company in June 2025, becoming a major corporate holder of ETH, and is now accumulating Ether again after an eight-month hiatus.
Ether treasury company Sharplink has bought Ether for the first time in eight months as the token sank to its lowest price this year on Thursday.
On-chain data from Arkham shows a wallet associated with Sharplink received 5,000 Ether (ETH), worth $7.85 million, from crypto prime brokerage FalconX on Thursday. The last time it received Ether from FalconX was on Oct. 26, when it bought $78.3 million worth of ETH.
The purchase comes as Ether hit $1,537 on Thursday, its lowest price in 2026. The latest purchase could suggest a revival of the company’s active Ether accumulation strategy.
"I’m seeing genuine corporate accumulation conviction holding strong amid subdued price action,” Andri Fauzan Adziima, the research lead at Bitrue Research Institute, told Cointelegraph.
Sharplink CEO Joseph Chalom told Cointelegraph in May that he saw three catalysts that could spur growth in the price of Ether.
The first was the passage of the CLARITY Act in the US, while the second was a return to market risk appetite, which will depend on an easing in geopolitical tension and cooling of the artificial intelligence investment thesis. Chalom’s third catalyst was the continued growth of real-world asset tokenization.
The Senate is yet to vote on its version of the CLARITY Act, and the House Financial Services Committee said it would hold a hearing on the bill on July 17. The US and Iran are working toward a final peace agreement to end months of conflict and tokenized real-world assets have now reached a distributed asset value of $31.55 billion, close to its highest level this year.
Sharplink now holds 876,285 ETH
Sharplink was founded in 2019 as an affiliate marketing service provider to the sports betting and gambling industries, but pivoted to become an Ethereum treasury company in June 2025, with Consensys co-founder and CEO Joe Lubin named as chairman.
It became the largest publicly traded corporate holder of ETH, but lost the title to Bitmine in August, just two months after Bitmine launched its own Ether buying strategy.
Related: Bitmine, Sharplink and Joe Lubin back Ethereum R&D nonprofit
The company now holds 876,285 ETH and ETH equivalents, which it has accumulated over time through active ETH purchases and staking rewards. Its competitor, Bitmine, holds 5.67 million ETH after acquiring another 52,203 ETH last week.
Source: Sharplink
“We continue to maintain a steady pace of accumulation throughout 2026. We believe we are in the early stages of crypto spring,” Bitmine chairman Tom Lee said.
Sharplink added to the Russell indexes
The purchase also comes just days before Sharplink is expected to join the Russell 2000 and Russell 3000 indexes on Monday.
Inclusion in the indexes is widely viewed as positive because many active and passive funds, including exchange-traded funds, typically buy stocks from them.
Chalom in May said that joining the Russell indexes would broaden the company’s shareholder base and strengthen its access to capital markets.
À surveiller
Perspective IA — des possibilités, pas des certitudes
Sharplink will join the Russell 2000 and Russell 3000 indexes.
Très probable · En quelques jours
Questions ouvertes
- How will the CLARITY Act vote proceed in the US Senate?
- Will geopolitical tensions ease as predicted by Chalom?
- How will Sharplink's index inclusion impact its stock performance?
