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Sharplink Buys ETH for First Time in 8 Months

SharpLink resumed buying Ether after an eight-month pause, scooping up $7.85 million worth of ETH as the token fell to its lowest price in 2026.

YayaNewsFinancial news writer2026-06-26 12:42Updated: 2026-06-26 12:420 ViewsSource CoinTelegraph

YayaNews contributes financial news and market context through the YayaNews editorial workflow.

SharpLink resumed buying Ether after an eight-month pause, scooping up $7.85 million worth of ETH as the token fell to its lowest price in 2026.

Sharplink Buys ETH for First Time in 8 Months

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Written by

Felix Ng

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Reviewed by

Jesse Coghlan

staff editor

Sharplink buys ETH after 8-month pause as token hits 2026 low

Latest News

Published

Jun 26, 2026

In May, Sharplink CEO Joseph Chalom named three catalysts that could push up the price of Ether, some of which have begun to materialize.

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.

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.

Magazine:

Guide to the top and emerging global crypto hubs: Mid-2026

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Editorial Policy

and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

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