SharpLink, a publicly traded company, has resumed buying Ether (ETH) after an eight-month pause. The move comes as ETH trades near its lowest level of 2026, with prices dipping to $1,537 on Thursday.
The company's latest purchase was 5,000 ETH worth about $7.85 million from FalconX, according to Lookonchain. This brings SharpLink's total ETH balance to 876,285 tokens, valued at around $1.4 billion at current prices.
SharpLink's average purchase price for ETH stands near $3,609, leaving the company with an unrealized loss of approximately $1.71 billion. The company's CEO, Joseph Chalom, previously mentioned that clearer U.S. crypto rules, a return of risk appetite, and growth in tokenized real-world assets could be catalysts for Ether.
The inclusion of SharpLink into the Russell 2000 and Russell 3000 indexes is expected to take effect on June 29, which could broaden its shareholder base and improve access to capital markets. However, this also means that index investors will closely track Ethereum exposure, potentially increasing pressure on the company's treasury.