Sharplink, an Ethereum treasury company, bought 5,000 Ether worth $7.85 million from crypto prime brokerage FalconX on Thursday, marking its first Ether acquisition in eight months. The transaction occurred as Ether traded at $1,537, its lowest price this year. On‑chain data from Arkham indicated the wallet linked to Sharplink received the Ether, which had last been purchased by the firm in October 2023 when it spent $78.3 million. Sharplink, founded in 2019 as an affiliate marketing service for sports betting, converted to an Ethereum treasury firm in June 2025 and now holds 876,285 Ether, making it the largest publicly traded corporate holder of ETH before Bitmine surpassed it in August. Bitmine currently holds 5.67 million Ether after acquiring 52,203 Ether last week. The purchase comes as Sharplink prepares to join the Russell 2000 and Russell 3000 indexes on Monday, a move that could broaden its shareholder base and improve access to capital markets. Sharplink CEO Joseph Chalom said he identified three catalysts that could support Ether’s price growth: the pending U.S. CLARITY Act, a potential easing of geopolitical tensions that would restore market risk appetite, and continued growth in tokenized real‑world assets, which have reached a cumulative value of $31.55 billion. The Senate has not yet voted on the CLARITY Act, and the House Financial Services Committee plans a hearing on the bill for July 17. Andri Fauzan Adziima, research lead at Bitrue Research Institute, said he observed strong corporate accumulation of Ether despite subdued price action. The acquisition aligns with Sharplink’s strategy of maintaining a steady accumulation pace throughout 2026 while awaiting regulatory developments and index inclusion.