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Sharplink Buys Ethereum for First Time in 2026—With ETH Down 68% From Peak
Key takeaways
- The firm now maintains holdings of 886,725 ETH worth $1.38 billion, as Ethereum changes hands around $1,562 on Tuesday.
- "Our capital allocation philosophy is disciplined and straightforward: Every financing decision we make is based on our long-term objective to increase ETH per share," said Sharplink CEO Joseph Chalom in a statement.
- Last week, the firm completed a $75 million registered direct offering, raising funds that Chalom said "provided the capital to support our active ETH treasury management strategy."
Sharplink Buys Ethereum for First Time in 2026—With ETH Down 68% From Peak Sharplink Buys Ethereum for First Time in 2026—With ETH Down 68% From Peak · decrypt Logan Hitchcock Tue, June 30, 2026 at 10:54 PM GMT+7 2 min read SBET ETH-USD Publicly traded Ethereum treasury firm Sharplink added 10,000 ETH for around $16 million last week, marking its first acquisition since October.
The firm now maintains holdings of 886,725 ETH worth $1.38 billion, as Ethereum changes hands around $1,562 on Tuesday.
"Our capital allocation philosophy is disciplined and straightforward: Every financing decision we make is based on our long-term objective to increase ETH per share," said Sharplink CEO Joseph Chalom in a statement.
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