Sharplink resumes Ether purchases as 2026 price low tests corporate treasury strategy

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Sharplink resumes Ether purchases

Highlights

Sharplink resumed Ether accumulation by purchasing 5,000 ETH ($7.85 million) from FalconX at 2026’s price low of $1,537, first major buy since October 26.
Sharplink now holds 876,285 ETH and ETH equivalents, but Bitmine surpassed it in August with 5.67 million ETH after buying another 52,203 ETH last week.
Sharplink's latest Ether purchase comes days before expected inclusion in the Russell 2000 and Russell 3000 indexes, potentially boosting shares via passive fund inflows.

Ether purchase and accumulation outlook

As reported by Cointelegraph, on-chain data from Arkham shows that a wallet associated with Sharplink received 5,000 Ether, worth about $7.85 million, from crypto prime brokerage FalconX on Thursday. It is the first Ether transfer of that kind to the company since Oct. 26, when Sharplink bought $78.3 million worth of ETH from FalconX.

The latest purchase arrives as Ether touches $1,537 on Thursday, its lowest price in 2026. That timing suggests Sharplink may be reviving an active accumulation strategy after months without a recorded purchase.

Andri Fauzan Adziima, research lead at Bitrue Research Institute, says corporate accumulation remains resilient despite weak price action. Sharplink CEO Joseph Chalom said in May that three factors could support Ether price growth, passage of the CLARITY Act in the U.S., a return in market risk appetite tied to easing geopolitical tensions and a cooling artificial intelligence investment theme, and continued expansion in real-world asset tokenization.

The Senate has yet to vote on its version of the CLARITY Act, while the House Financial Services Committee says it will hold a hearing on the bill on July 17. The U.S. and Iran are working toward a final peace agreement, and tokenized real-world assets now have a distributed asset value of $31.55 billion, near this year’s high.

Index inclusion and rivalry in Ether treasuries

Sharplink was founded in 2019 as an affiliate marketing services provider for the sports betting and gambling industries, but it pivoted in June 2025 to become an Ethereum treasury company. Consensys co-founder and CEO Joe Lubin was then named chairman.

The company now holds 876,285 ETH and ETH equivalents, accumulated through direct purchases and staking rewards. Sharplink previously became the largest publicly traded corporate holder of ETH, but Bitmine overtook it in August, two months after launching its own Ether acquisition strategy.

Bitmine now holds 5.67 million ETH after buying another 52,203 ETH last week. Its chairman, Tom Lee, says the company continues to accumulate steadily through 2026 and views the market as being in the early stages of a crypto spring.

Sharplink’s latest purchase also comes days before it is expected to join the Russell 2000 and Russell 3000 indexes on Monday. Inclusion is generally seen as supportive for shares because active and passive funds, including exchange-traded funds, often buy stocks that enter those benchmarks, and Chalom said in May that the addition would broaden the shareholder base and strengthen access to capital markets.

Conagra’s removal from the S&P 500 in June 2026 is a notable example of how index changes can reshape index-tracking ownership, liquidity, and near-term trading dynamics. Our earlier analysis also highlighted that this shift coincides with a leadership transition and a technically stronger but potentially overbought setup, keeping the stock range-bound unless a clear breakout occurs.

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