SharpLink Resumes Ether Purchases After Eight Months, Buys $7.85 Million

SharpLink, an Ethereum-based digital asset treasury company, has resumed buying Ether after an eight-month pause.

Cointelegraph reported on June 26, citing on-chain analytics firm Arkham, that a wallet linked to SharpLink received about 5,000 Ether from FalconX that day. The holdings were worth about $7.85 million at current prices.

The purchase was SharpLink's first Ether buy through FalconX since late October 2025. At that time, the company bought $78 million worth of Ether.

The latest purchase came as Ether fell to around $1,500 on June 26, its lowest level this year. Andri Fauzan Azima, head of research at the Bitrue Research Institute, said companies using the digital asset treasury model were still showing meaningful buying interest despite the price weakness.

SharpLink currently holds about 877,000 Ether. Rival BitMine holds about 5.67 million Ether. BitMine Chairman Tom Lee recently said the company has been accumulating at a steady pace throughout the year.

Separately, SharpLink is poised to join the Russell 2000 and Russell 3000 indexes as early as next week. Chief Executive Officer Joseph Chalom told Cointelegraph last month that inclusion would help broaden the company's shareholder base and improve access to capital markets.