by Coinstrooper Crypto Articles
Quick Take
  • SharpLink has resumed buying Ethereum (ETH) for the first time in 8 months, adding 5,000 ETH to its holdings.
  • The move breaks a long buying pause and lands while ETH trades far below the price the firm paid to build its treasury.
  • According to Lookonchain, the 5,000 ETH, worth about $7.85 million, came from FalconX.
  • SharpLink holdings have reached 876,285 ETH valued at roughly $1.4 billion.

What Happened

SharpLink has resumed buying Ethereum (ETH) for the first time in 8 months, adding 5,000 ETH to its holdings.

SharpLink Return to Buying as ETH Slides

According to Lookonchain, the 5,000 ETH, worth about $7.85 million, came from FalconX. SharpLink holdings have reached 876,285 ETH valued at roughly $1.4 billion. This also includes 22,102 ETH earned through staking rewards.

Market Context

The move breaks a long buying pause and lands while ETH trades far below the price the firm paid to build its treasury.

The acquisition adds to a position trading well below cost. SharpLink’s average purchase price is $3,609, while ETH traded near $1,556 today. That gap leaves the firm with an unrealized loss of more than $1.7 billion.

That gap reflects a steep market decline. Ethereum has posted two consecutive red quarters and is on track to close the second quarter lower.

The asset has dropped nearly 25% over the past month, according to BeInCrypto Markets. The fall outpaced Bitcoin (BTC), which lost 22% across the same period.

Why It Matters

Institutional appetite has cooled alongside the sell-off. According to SoSoValue data, spot Ethereum ETFs have recorded outflows for six consecutive weeks, with outflows extending into this week. The trend signals weak demand.

Details

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Mounting Losses and a Wider Ethereum Bet

The buying resumes after a punishing quarter. SharpLink reported a net loss of $685.6 million for the first quarter of 2026.

Most of that came from non-cash unrealized losses on its ETH holdings. Staking revenue, however, lifted total revenue to $12.1 million from $0.7 million a year earlier.

SharpLink has also widened its Ethereum commitment beyond its own balance sheet. The firm helped fund Ethlabs, a nonprofit research lab backing Ethereum’s institutional push.

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The post SharpLink Resumes Ethereum Buying After 8-Month Pause appeared first on BeInCrypto.