SharpLink Resumes Ethereum Buying After 8-Month Pause

SharpLink, a publicly traded company known for its Ethereum treasury strategy, has resumed buying the cryptocurrency after an eight-month pause, acquiring 5,000 ETH worth approximately $7.85 million on Thursday, June 25, 2026. The purchase was executed through the crypto prime brokerage FalconX and marks the firm's first Ether acquisition since October 2025.

The transaction occurred as Ethereum's price fell to around $1,537, its lowest level reported this year. Despite the market weakness, the move signals a potential revival of SharpLink's active accumulation strategy. The company now holds 876,285 ETH, valued at roughly $1.4 billion at current prices. This total includes 22,102 ETH earned through staking rewards.

SharpLink's renewed buying comes amid significant financial pressure on its existing holdings. The company's average purchase price for its Ether is approximately $3,609, leaving it with an unrealized loss exceeding $1.7 billion. For the first quarter of 2026, SharpLink reported a net loss of $685.6 million, which it attributed largely to these non-cash losses on its ETH treasury. However, staking revenue helped lift total revenue to $12.1 million, a substantial...