Ethereum treasury firm SharpLink has added 5,000 ETH worth about $7.85 million, its first ether purchase in eight months, with onchain analysts at EmberCN flagging an inflow from the exchange FalconX.

The buy lands as ETH slid to $1,537, its lowest level of 2026. SharpLink's previous purchase was 19,270 ETH back in October 2025.

SharpLink now holds 876,285 ETH worth roughly $1.3 billion at an average cost near $3,609 — leaving the stack about $1.79 billion underwater at current prices.