SharpLink resumed buying Ether after an eight-month pause, scooping up $7.85 million worth of ETH as the token fell to its lowest price in 2026.

SharpLink earned 509 ETH in staking rewards this week, bringing total holdings to 876,285 ETH and cumulative rewards to 22,102 ETH since June 2025.

The buy came days after a group of former Ethereum Foundation researchers launched Ethlabs, a nonprofit Sharplink helped fund.