[DigitalToday reporter Jinju Hong] Ethereum treasury firm SharpLink has resumed buying after eight months as the Ethereum price fell to its lowest level this year. The market is interpreting the move as a sign that the company is sticking to its long-term accumulation strategy despite weak prices.

On June 26, local time, blockchain media outlet Cointelegraph reported that a wallet linked to SharpLink received 5,000 ETH from crypto prime brokerage FalconX. The transaction was worth about $7.85 million.

On-chain data platform Arkham said the last time SharpLink received Ethereum via FalconX was Oct. 26 last year. The purchase then was worth about $78.3 million. This transaction is its first additional purchase in about eight months.

The purchase is drawing attention because it came just after Ethereum fell as low as $1,537 intraday to mark its lowest level this year. The market is speculating that SharpLink may have judged the pullback as a long-term buying opportunity.

Andri Fauzan Azima, head of research at Bitrue Research Institute, said, "Even when prices are weak, companies' willingness to accumulate remains strong," and gave a positive assessment of the corporate Ethereum accumulation trend.

SharpLink originally provided affiliate marketing services to the sports betting and gambling industry. But from June 2025 it shifted direction by adopting a treasury strategy that holds Ethereum as a core asset. It was later reshaped into an Ethereum-focused company after ConsenSys co-founder and CEO Joe Lubin joined as chairman of the board.

SharpLink currently holds about 876,285 ETH and ETH-converted assets. It has steadily increased its holdings through direct purchases and staking rewards, but it has given up the top spot among listed companies in ETH holdings since BitMine began a large-scale buying strategy in August last year.

Rival BitMine has continued aggressive accumulation. After buying an additional 52,203 ETH last week, it now holds a total of 5.67 million ETH, and its chairman Tom Lee said, "We have continued to accumulate steadily throughout 2026, and now is the early stage of a crypto bull market."

SharpLink is also betting on medium- and long-term positive factors for the Ethereum market. Joseph Chalom, SharpLink's CEO, has previously cited passage of the U.S. CLARITY bill, a recovery in risk-asset appetite and an expanding market for tokenised real-world assets, or RWA, as drivers of higher Ethereum prices. He also said inclusion in the Russell indexes could lead to a broader investor base and improved access to capital markets.

Related factors are also making incremental progress. The U.S. House Financial Services Committee plans to hold a hearing on the CLARITY bill on July 17, and the size of the RWA market is about $31.55 billion, close to its highest level this year.

SharpLink is also set to be added to the Russell 2000 and Russell 3000 indexes on June 29. In general, inclusion in major stock indexes raises expectations of inflows from exchange-traded funds, or ETFs, and passive funds that track them.

The market is placing significance on the resumption of Ethereum purchases as not just bargain hunting, but as a move that reaffirms the company's long-term treasury strategy and accumulation stance ahead of its index inclusion.