Corporate Treasury SBET Resumes Ethereum Accumulation With 5,000 ETH Purchase
SharpLink, the publicly traded company formerly known as SharpLink Gaming, has reportedly resumed Ethereum accumulation after an eight-month pause, according to on-chain monitoring and media reporting. The company acquired 5,000 ETH worth about $7.85 million through a transfer linked to institutional prime broker FalconX.
The purchase, reported by Bitcoinsistemi, occurred as Ethereum traded near $1,537, a level described as close to ETH’s 2026 low. If the entity labels are accurate, the purchase would lift SharpLink’s total holdings to approximately 876,285 ETH.
Corporate Ethereum treasuries are becoming a more visible theme as some public companies look beyond Bitcoin for digital-asset reserve strategies. Ethereum offers exposure not only to a crypto asset, but also to staking, DeFi, stablecoin settlement, and tokenized finance activity. This makes ETH treasury accumulation different from Bitcoin treasury accumulation, as Ethereum is often framed as both an asset and a productive network.
The FalconX transfer also suggests institutional rails remain important for large treasury movements, providing execution and settlement infrastructure for companies.
The main follow-up is whether SharpLink confirms the transaction through a filing or press release, which would upgrade the story from on-chain-supported to corporate-confirmed. Traders will also watch whether other public companies add ETH during market weakness, potentially strengthening a corporate-reserve narrative for Ethereum.
This report is based on information from Bitcoinsistemi and on-chain data, attributing the transaction as reported rather than confirmed by the company.