Sharplink buys ETH after 8-month pause as token hits 2026 low

Sharplink made its first Ether purchase in eight months, buying 5,000 ETH worth about $7.85 million as Ether fell to $1,537, its lowest level of 2026. The move suggests Sharplink may be resuming active ETH accumulation after a long pause, reinforcing corporate treasury demand even during weak price action. The company now holds 876,285 ETH and ETH equivalents, while competitor Bitmine remains much larger at 5.67 million ETH. The article also notes potentially supportive catalysts for ETH: possible US passage of the CLARITY Act, improving risk appetite, and continued growth in real-world asset tokenization, which has reached $31.55 billion in distributed asset value. Separately, Sharplink is expected to join the Russell 2000 and Russell 3000 indexes, which could attract additional passive and active fund buying. Overall, the piece is mildly bullish for ETH due to renewed corporate accumulation and index inclusion prospects, despite the token trading near yearly lows.