Cointelegraph·5h ago·mixed

Sharplink buys $7.85M in ETH for first time in 8 months as Ether hits 2026 low

Ether treasury company Sharplink bought 5,000 ETH ($7.85M) from FalconX, its first purchase in eight months, as ETH hit a 2026 low of $1,537. The firm now holds 876,285 ETH.

Sharplink purchased 5,000 ETH worth $7.85 million via FalconX, its first buy since October 2025
ETH hit $1,537 on Thursday, its lowest price of 2026
Sharplink now holds 876,285 ETH and is set to join the Russell 2000 and 3000 indexes on Monday
CEO Joseph Chalom previously cited the CLARITY Act, easing geopolitics, and RWA tokenization as ETH catalysts

marketImpact 5/10

Why our editor rated this mixed

ETH hitting a 2026 low is negative, but a major corporate buyer resuming accumulation signals confidence in the asset. The Russell index inclusion is also a positive milestone for Sharplink.

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