SharpLink resumes ETH buys with $7.85M purchase as ether sinks to 2026 low ahead of Russell inclusion

SharpLink bought 5,000 ETH from FalconX, worth $7.85M, its first ETH purchase since Oct. 26 as ether hit a 2026 low at $1,537. The company now holds 876,285 ETH and equivalents, while Bitmine still dwarfs it with 5.67M ETH after adding another 52,203 ETH last week. The buy lands just before SharpLink’s expected Russell 2000 and Russell 3000 inclusion, which could put passive-flow pressure behind a bruised ETH treasury trade.

TLDR by @Benthic

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