Ether treasury company Sharplink bought Ether for the first time in eight months as the token fell to its lowest price this year on Thursday.
Data on chain from Arkham can be seen a Sharplink-affiliated wallet received 5,000 Ether (ETH) worth $7.85 million from cryptocurrency broker FalconX on Thursday. He last received Ether from FalconX on October 26, when he purchased $78.3 million worth of ETH.
The purchase came after the price of Ether reached $1,537 on Thursday, its lowest price in 2026. The latest purchase may suggest a revival of the company’s energetic Ether accumulation strategy.
“I see genuine belief in corporate accumulation continuing in the face of subdued price action,” Andri Fauzan Adziima, head of research at Bitrue Research Institute, told Cointelegraph.
Sharplink CEO Joseph Chalom told Cointelegraph in May that he sees three catalysts that could spur a rally in the price of ether.
The first was the adoption of the CLARITY Act in the USA, the second was the return to the market appetite for risk, which will depend on the easing of geopolitical tension and the cooling of the investment thesis in artificial intelligence. Chalom’s third catalyst was the continued development of real-world asset tokenization.
The Senate has not yet voted 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 United States and Iran are working towards a final peace agreement to end months of conflict, and tokenized real-world assets have now reached a distributed asset value of $31.55 billion, close to their initial value highest level this year.
Sharplink currently holds 876,285 ETH
Sharplink was founded in 2019 as a provider of affiliate marketing services to the sports betting and gaming industry, but in June 2025 it transformed into an Ethereum treasury company, with Consensys co-founder and CEO Joe Lubin appointed president.
It became the largest publicly traded corporate holder of ETH, but lost that title to Bitmine in August, just two months after Bitmine launched its own Ether purchasing strategy.
Related: Bitmine, Sharplink and Joe Lubin support the Ethereum R&D nonprofit
The company currently holds 876,285 ETH and equivalents that it has accumulated over time through energetic ETH purchases and staking rewards. Its competitor Bitmine holds 5.67 million ETH after acquiring another 52,203 ETH last week.
Source: Sharplink
“We continue to maintain a steady pace of accumulation throughout 2026. We believe we are in the early stages of crypto spring,” said Tom Lee, CEO of Bitmine.
Sharplink added to Russell indexes
The purchase also comes a few days before Sharplink is expected to join the Russell 2000 and Russell 3000 indexes on Monday.
Inclusion in indexes is widely seen as a positive because many energetic and passive funds, including exchange-traded funds, typically buy shares from them.
Chalom said in May that joining Russell’s indexes would expand the company’s shareholder base and strengthen its access to capital markets.
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