SharpLink has returned to the Ethereum market for the first time in eight months, buying more ETH as the cryptocurrency traded near its lowest price of 2026.
Blockchain tracker Lookonchain reported that a wallet linked to the company received 5,000 ETH, valued at about $7.85 million, from crypto trading firm FalconX. The transaction marks SharpLink’s first recorded ETH purchase from FalconX since October, when it acquired roughly $78.3 million worth of Ethereum.
After 8 months, SharpLink(@Sharplink) is buying $ETH again!
6 hours ago, #SharpLink received 5,000 $ETH($7.85M) from #FalconX.#SharpLink now holds 876,285 $ETH(1.4B), including 22,102 ETH earned from staking.
Its average purchase price is ~$3,609, and now sitting on an… pic.twitter.com/mr6gQxjNua
— Lookonchain (@lookonchain) June 26, 2026
This suggests the company could be restarting active ETH accumulation after months of relying mainly on its existing holdings and staking rewards.
Is SharpLink restarting its Ethereum accumulation strategy?
According to Lookonchain, SharpLink now holds about 876,285 ETH worth nearly $1.4 billion at current market prices. The total includes approximately 22,102 ETH generated through staking rewards.
Despite expanding its holdings, the company remains deep in unrealized losses following Ethereum’s prolonged decline. Data from the tracker shows SharpLink’s average purchase price is around $3,609 per ETH, leaving its portfolio with an estimated unrealized loss of roughly $1.71 billion.
The latest purchase came as Ethereum briefly dropped to around $1,537, its lowest level so far this year, offering the company an opportunity to add to its treasury at significantly lower prices.
Russell index inclusion could widen investor interest
SharpLink’s renewed buying comes just days before its expected inclusion in the Russell 2000 and Russell 3000 indexes following the latest FTSE Russell reconstitution on June 29.
Chief Executive Officer Joseph Chalom previously described the inclusion as an important milestone for the company’s Ethereum treasury strategy. Entry into the indexes could increase visibility among institutional investors, as many passive and active funds track Russell indexes.
While index inclusion may expand the shareholder base and improve access to capital markets, it does not shield the company from continued volatility in Ethereum’s price.
Can Ethereum’s long-term outlook support treasury companies?
SharpLink’s latest purchase arrives as Ethereum continues to face mixed market conditions. While whale accumulation has increased during recent price weakness, ETF outflows and softer derivatives activity have weighed on investor sentiment.
At the same time, the tokenization sector continues to expand. Data from RWA.xyz shows tokenized real-world assets have climbed above $31 billion, reinforcing expectations that Ethereum could benefit from growing on-chain financial activity.
SharpLink is no longer the largest publicly traded corporate holder of Ethereum after BitMine expanded its own treasury with another major ETH purchase. Even so, SharpLink’s latest acquisition shows that the company remains committed to increasing its Ethereum exposure despite ongoing market pressure.
Enjoyed this? Bookmark DeFi Planet, explore related topics, and follow us on Twitter, LinkedIn, Facebook, Instagram, Threads and CoinMarketCap Community for seamless access to high-quality industry insights
Take control of your crypto portfolio with DEFI PLANET PRO, DeFi Planet’s suite of analytics.
