Sharplink, the second-largest public corporate holder of Ethereum, has acquired 5,000 ETH▼$1,560.56 worth $7.85M. This marks its first ETH purchase since October 2025.
The tokens were sourced from crypto broker FalconX. The trade came as ETH price dropped to $1,537–its lowest level of 2026.
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The company has not yet publicly confirmed the purchase, but Arkham on-chain data indicates the funds landed in a crypto wallet linked to Sharplink. The company remains the second-largest public ETH holder, behind Tom Lee’s Bitmine Immersion.
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Why Sharplink Resumed ETH Purchases: Three Catalysts From the CEO
In May 2026, Sharplink CEO Joseph Chalom outlined three factors that could drive ether’s price higher:
- Passage of the CLARITY Act in the US
- A return of risk appetite, depending on easing geopolitical tensions and cooling AI investment
- Continued growth in real-world asset (RWA) tokenization
By late June, some of those catalysts were starting to materialize. The Senate is preparing for a CLARITY Act vote, and tokenized assets have reached $31.55B, nearing their yearly high. Buying at the yearly low could signal a resumption of the company’s active accumulation strategy.
Sharplink’s current portfolio stands at 876,285 ETH, worth about $1.3B. The average purchase price is estimated at $3,609 per ETH, implying an unrealized loss of roughly $1.79B.
Still, Bitrue Research Institute analyst Andri Fauzan Adjima called the purchase “a display of confidence in corporate accumulation amid sluggish price action.”
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Sharplink Expands Strategy: Ethlabs Support and Russell Index Inclusion
In June, Sharplink backed the launch of Ethlabs–an independent non-profit research lab founded by former Ethereum Foundation researchers to prepare the network for institutional adoption. Ethlabs was also supported by Ethereum co-founder and Sharplink chairman Joe Lubin, as well as Bitmine Immersion.
Additionally, on June 29, Sharplink will be included in the Russell 2000 and Russell 3000 indexes. That’s a positive signal: many active and passive funds, including U.S. spot crypto ETFs, buy shares of companies in these indexes, which could broaden Sharplink’s shareholder base and strengthen its capital markets access.
At the time of writing, Sharplink shares closed down 3.49% at $4.56, having lost 26.8% over the past month and 50.4% over the past six months.
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