SharpLink, the Nasdaq-listed company that has quietly built one of the largest corporate Ethereum treasuries in existence, started buying again on June 26. The firm scooped up 5,000 ETH worth approximately $7.85 million through crypto brokerage FalconX, its first purchase since October 2025.
That eight-month silence had started to raise eyebrows. Now, with total holdings sitting at 876,285 ETH, SharpLink trails only the Ethereum Foundation itself among corporate holders. For a company nursing an unrealized loss north of $1.7 billion, the decision to resume buying says something about conviction, or at least about the strategy they’re committed to riding out.
The numbers behind the buy
On-chain analysts at EmberCN and Arkham Intelligence confirmed the transaction independently. The 5,000 ETH acquisition is modest by SharpLink’s historical standards, but the signal matters more than the size.
SharpLink’s last purchase came in October 2025, when it acquired roughly 19,270 ETH. Before that, the company had executed far larger capital-raise-funded buys, including transactions exceeding 100,000 ETH during 2025 alone.
