Sharplink Buys Ethereum for First Time in 2026—With ETH Down 68% From Peak

Decrypt06-30

In brief Ethereum treasury firm Sharplink acquired 10,000 ETH last week in its first buy of the year. The firm also repurchased another 2 million shares of SBET, which are down around 3% on Tuesday. ...

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At that mark, shares have now fallen nearly 22% in the last month of trading and are 88% off SBET’s 52-week high of $40.46.Sharplink’s primary treasury asset has suffered, too, with Ethereum falling 22% in the last month of trading. It’s now more than 68% off its August all-time high price of $4,946.Nevertheless, Sharplink remains committed to ETH and its future. Last week, the firm joined with Ethereum treasury rival BitMine Immersion Technologies to help back the founding of Ethlabs, a new nonprofit research and development organization aimed at championing the network and its native asset. Last month, Sharplink also announced a $125 million fund built in collaboration with Galaxy Research as it seeks to gain access to on-chain yields. A representative for the firm did not immediately respond to Decrypt’s request for comment. Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.Your EmailGet it!Get it!","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.1","shortVersion":"4.44.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2648563950","isCrawlerRequest":true}