Sharplink is back in the crypto market. The company has renewed its plan to buy more ether after a lull of eight months. The token’s move comes as it rallies from its lowest price since 2026. The strategic shopping window coincides with days before Sharplink gets listed on some of the major Russell indexes, too.

Sharplink recently withdrew 5,000 Ethers from the crypto prime brokerage FalconX, per data blockchain analytics firm Arkham. The sale is worth approximately $7.85 million. Sharplink secured the tokens at $1,537 each, capturing the absolute bottom of the market for the year so far. It is the company’s biggest crypto purchase since late October last year.

The Corporate Treasury Battle for Ether

In June 2025, the company Sharplink became a treasury company for Ethereum under the leadership of its chairman, Joe Lubin. The company currently possesses 876,285 Ether via either purchases or staking rewards. Staking rewards are crypto rewards that are given to users for helping confirm transactions on blockchain networks.

Despite this colossal stockpile, Sharplink no longer has the biggest corporate holding. In August, another competitor, Bitmine, rapidly outpaced Sharplink. Bitmine also purchased an additional 52,203 Ether last week, bringing its holdings to an astounding 5.67 million Ether.

Why Sharplink Believes in an Ether Recovery

Although prices have been weak recently, Sharplink leadership is quite optimistic. Chalom, who was CEO of the asset, told ATF Conference reporters the asset had three main growth drivers. They include the soon-to-be-voted U.S. CLARITY Act, reduced world pressures and the vibrant market for tokenized real-world assets. Tokenized assets are properties or commodities that have been converted into digital cryptocurrency shares that are more like traditional assets.

Also, Sharplink will be added to the Russell 2000 and Russell 3000 indexes Monday. It is a milestone for this inclusion. Membership in these indexes typically forces passive investment funds and ETFs to buy the company’s stock. 

This structural change should diversify the shareholder base and provide Sharplink with much increased capital market access in future.