Sharplink Resumes Ethereum Buying With $16M Purchase as ETH Slumps
The treasury firm made its first crypto acquisition since last year, adding roughly $16 million in ETH while prices sit well below their peak.
AfroEuropa Newsroom
Automated Desk
Ethereum treasury company Sharplink has returned to the market, acquiring around $16 million worth of ETH last week in what amounts to its first crypto purchase of 2026, according to reporting by Decrypt. The move stands out because it comes at a moment when Ethereum's price remains sharply depressed, trading roughly 68% below its previous high.
For investors and treasury watchers across Europe, where corporate crypto holdings have drawn growing regulatory and institutional scrutiny, the decision offers a fresh data point on how dedicated digital-asset treasury firms behave during prolonged downturns.
A Pause, Then a Return to Buying
Sharplink had not added to its holdings since last year, making this acquisition notable as a break from an extended period of inactivity. The roughly $16 million purchase, reported by Decrypt, signals that the firm is willing to accumulate even as ETH trades far from its peak valuation.
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