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

Sharplink resumed buying Ethereum after an eight-month pause, with Chief Executive Officer Joseph Chalom acting on catalysts he outlined in May that are now beginning to materialize as ETH trades near its 2026 low.

"STRC is supported by both the bitcoin holdings and the USD reserve," Sam Callahan, director of bitcoin strategy and research at bitcoin treasury firm OranjeBTC, said. "If they have a forward-looking view that bitcoin is going to perform well in the next five to 10 years, then buying bitcoin in these market conditions is really attractive."

Chalom named three catalysts for Ether in May, some of which have begun to take shape. The company's decision to re-enter the market follows an extended period on the sidelines, signaling renewed conviction at a price level the CEO considers a floor. Sharplink previously backed the launch of Ethlabs, an independent nonprofit research lab focused on preparing Ethereum for institutional adoption, alongside BitMine chairman Tom Lee and Ethereum co-founder Joe Lubin.

"We are at the beginning of an institutional supercycle on Ethereum, and the researchers behind this organization are the people who will make the network ready to carry it," Chalom said in the Ethlabs launch announcement. The buy comes as ETH struggles against macro headwinds including a hawkish Federal Reserve, six straight weeks of ETF outflows and thinning summer liquidity, though institutional accumulation at these levels suggests some large holders see the selloff as a buying opportunity rather than a reason to exit.

This article is for informational purposes only and does not constitute investment advice.