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SharpLink, an Ethereum-based digital asset treasury company, has resumed buying Ether after an eight-month hiatus.
Cointelegraph reported on June 26, citing data from 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 transfer marks SharpLink’s first Ether purchase 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 about $1,500 on June 26, its lowest level this year. Andri Fauzan Azima, head of research at Bitrue Research Institute, said digital asset treasury companies were still showing real buying interest despite the price weakness.
SharpLink currently holds about 877,000 Ether. Rival BitMine holds about 5.67 million Ether. Chairman Tom Lee recently said BitMine has continued accumulating at a steady pace throughout this year.
Separately, SharpLink is set to join the Russell 2000 and Russell 3000 indexes as early as next week. Chief Executive Officer Joseph Chalom told Cointelegraph last month that the index inclusion would broaden the company’s shareholder base and strengthen its access to capital markets.
