Sharplink breaks 8-month ETH silence with $7.85M dip-buy at 2026's bottom 🧊

Ether treasury company Sharplink received 5,000 ETH, worth $7.85 million, from crypto prime brokerage FalconX on Thursday, according to on-chain data from Arkham. The transfer marks Sharplink's first Ether purchase in eight months, with its previous FalconX receipt of $78.3 million in ETH recorded on Oct. 26. The buy came 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," Andri Fauzan Adziima, research lead at Bitrue Research Institute, told Cointelegraph. Sharplink CEO Joseph Chalom told Cointelegraph in May that he saw three potential catalysts for Ether price growth: passage of the CLARITY Act in the US, a return to market risk appetite tied to easing geopolitical tensions and cooling of the artificial intelligence investment thesis, and continued growth of real-world asset tokenization. The Senate has 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 reached a distributed asset value of $31.55 billion, close to its highest level this year.

Sharplink now holds 876,285 ETH and ETH equivalents, accumulated through active purchases and staking rewards since the company pivoted from its 2019 founding as a sports betting and gambling affiliate marketing service to an Ethereum treasury company in June 2025, with Consensys co-founder and CEO Joe Lubin named as chairman. Sharplink became the largest publicly traded corporate holder of ETH before losing the title to Bitmine in August, just two months after Bitmine launched its own Ether buying strategy. Bitmine holds 5.67 million ETH after acquiring another 52,203 ETH last week, with Bitmine chairman Tom Lee saying, "We continue to maintain a steady pace of accumulation throughout 2026. We believe we are in the early stages of crypto spring."

The purchase comes 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 said in May that joining the Russell indexes would broaden the company's shareholder base and strengthen its access to capital markets.