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

Ethereum treasury firm Sharplink recently purchased approximately $16 million worth of ETH. This transaction represents the company's first cryptocurrency acquisition since last year. The purchase occurred during a period where ETH has seen a price decline of 68% from its peak value. This strategic move marks the first time in 2026 that Sharplink has added to its digital asset holdings, focusing specifically on the Ethereum network to expand its current treasury reserves.