Sharplink, the Ethereum treasury company, just bought Ether for the first time in eight months — right as the token hit its lowest price of 2026.
On-chain data shows a wallet linked to Sharplink received 5,000 ETH, worth about $7.85 million, from crypto prime brokerage FalconX on Thursday. The last time they pulled a similar buy was back in October, when they grabbed $78.3 million worth.
ETH was trading around $1,537 on Thursday, the lowest it’s been all year. Whether this signals a revival of Sharplink’s aggressive accumulation strategy remains to be seen, but the timing is notable.
CEO Joseph Chalom laid out three potential catalysts for ETH growth back in May: passage of the CLARITY Act in the US, a return to market risk appetite as geopolitical tensions ease, and continued growth in real-world asset tokenization. The Senate hasn’t voted on its version of the CLARITY Act yet, and a House hearing is scheduled for July 17.
Meanwhile, Sharplink now holds 876,285 ETH and equivalents. That’s a lot of Ether, but it’s still less than half of what Bitmine is sitting on — 5.67 million ETH after another big buy last week.
Sharplink also just got added to the Russell 2000 and 3000 indexes, which typically brings in a wave of passive fund buying. Not a bad time to stack more ETH.
