Sharplink Acquires $62.4M in ETH for Ether Treasury Last Week

This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile. Always do your own research before making any investment decisions.

Ether (ETH) price action remains bearish, trading near $1,568.75 — its lowest level since April 2025. Amid this tough market environment, Sharplink resumed buying last week by accumulating 39,196 ETH valued at about $62.4 million, showing strategic accumulation despite continued downward pressures.

Sharplink’s return to accumulation after an eight-month pause

Sharplink, a Nasdaq-listed gaming and Ethereum treasury company, purchased 5,000 ETH worth roughly $7.85 million on June 26 through Crypto brokerage FalconX. That marked its first acquisition of Ether since October 2025, ending an eight-month hiatus in accumulation. The very next day, Sharplink added another 5,000 ETH, collectively spending around $15.7 million in fresh capital deployments. This move came even though the company held an unrealized loss due to an average purchase price near $1,576 per ETH, slightly above the current market price of about $1,568.75.

This recommencement of buying expands Sharplink’s total Ether holdings, now totaling approximately 868,699 ETH. That figure includes 22,102 ETH earned as staking rewards during their accumulation pause, as AMBCrypto reports.

Market context: Ether’s 2026 struggles and institutional ETF outflows

Ether’s price trend has been weak throughout 2026, plunging nearly 50% since the year’s start and sliding 22.8% in the previous month, according to Cointelegraph’s report. This depreciation adds pressure on investors after prices hit a multi-year low near $1,568 in June 2026 — the lowest since April 2025. Market sentiment remains fragile, with $12.9 million in net outflows recorded from US spot Ether exchange-traded funds (ETFs) during the past week alone, which clearly indicates diminishing institutional demand at current price levels.

Sharplink is officially the ETH treasury company with the highest percentage of institutional ownership.

Institutional ownership increased to 47% of outstanding shares as of March 31, up from approximately 6% before the launch of our treasury. pic.twitter.com/dWsp94l3s1

— Sharplink (@Sharplink) May 19, 2026

Sharplink’s position and historic accumulation scale

With 868,699 ETH on its balance sheet, Sharplink ranks among the largest corporate holders of Ether. Its average acquisition price sits near $1,576, making today’s market price less favorable in comparison.

Since building its treasury strategy, Sharplink has quietly amassed over 39,000 ETH within just three days of recent buying — totaling $62.4 million — signaling large-scale confidence in Ethereum’s ecosystem resilience, according to Cryptobreaking’s coverage.

Financial implications and stock market reaction

Sharplink reported $12.1 million in total revenue for Q1 2026, a substantial increase from the same quarter the previous year. This growth aligns with its crypto treasury focus. But the company’s stock has suffered a steep six-month decline, closing at $4.56 on June 26.

Staking rewards and network participation

This dual strategy of both buying ETH and earning staking rewards sets Sharplink’s treasury apart from non-staking crypto holders. AMBCrypto analysis highlights that it offers greater exposure to Ethereum’s long-term growth drivers while maintaining active network engagement. The staking yield thus adds extra resilience to Sharplink’s balance sheet amid price swings and market uncertainty.

Comparison with other corporate Ethereum treasuries

Though Sharplink’s Ethereum holdings are sizable, they trail behind Bitmine’s larger ETH position, according to AMBCrypto.