Ether treasury firm Sharplink bought Ether for the first time in eight months as the token fell to its lowest price this year on Thursday.
On-chain data from Arkham shows that a wallet associated with Sharplink received 5,000 Ether ($ETH), raised the equivalent of $7.85 million from crypto prime brokerage firm FalconX on Thursday. The last time it received Ether from FalconX was on October 26th, when it purchased $78.3 million worth of Ether. $ETH.
The purchase comes after Ether hit a 2026 low of $1,537 on Thursday. This purchase could signal a return to the company’s aggressive Ether accumulation strategy.
“We see strong confidence in companies’ true accumulation despite the slowdown in price movements,” Andri Fauzan Azima, head of research at Bitrue Research Institute, told Cointelegraph.
Sharplink CEO Joseph Chalom told Cointelegraph in May that there are three catalysts that could drive the price of Ether higher.
The first is the passage of the CLARITY Act in the US, and the second is a recovery in market risk appetite, which will depend on the easing of geopolitical tensions and the cooling of artificial intelligence investment discourse. The third impetus for Chalom was the continued growth of real-world asset tokenization.
The Senate has not yet voted on its version of the CLARITY Act, and the House Financial Services Committee announced it will hold a hearing on the bill on July 17. As the United States and Iran work toward a final peace deal to end their months-long conflict, tokenized real-world assets have now reached a decentralized asset value of $31.55 billion, near the highest level this year.
Sharplink currently holds 876,285 $ETH
Sharplink was founded in 2019 as an affiliate marketing services provider to the sports betting and gambling industry, but in June 2025 it pivoted into an Ethereum financial company, with ConsenSys co-founder and CEO Joe Rubin named chairman.
It became the largest holder among listed companies. $ETHbut lost the title to Bitmine in August, just two months after Bitmine launched its own Ether buying strategy.
The company currently has 876,285. $ETH and $ETH Equivalent amount accumulated over time through activities $ETH Rewards for purchases and staking. Competitor Bitmine holds $5.67 million $ETH After winning a further 52,203 $ETH last week.
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“We will continue to maintain a steady pace of accumulation throughout 2026. We believe we are in the early stages of crypto spring,” said Bitmine Chairman Tom Lee.
Sharplink added to Russell index
The acquisition also comes days before Sharplink is scheduled to join the Russell 2000 and Russell 3000 indexes on Monday.
Many active and passive funds, including exchange-traded funds, typically purchase stocks from those funds, so their inclusion in the index is widely viewed positively.
Chalom said in May that joining the Russell indexes would broaden the company’s shareholder base and give it greater access to capital markets.
