SharpLink just added 10,000 Ether to its corporate treasury, spending about $16.1 million at an average price of around $1,611 per coin. That brings the company’s total to 886,725 Ethereum, one of the largest public Ether treasuries anywhere.
What makes this move stand out isn’t just the number, but the timing: Ether has now fallen for three consecutive quarters, dropping 25.2% in the second quarter alone. While that kind of backdrop would often push buyers to the sidelines, SharpLink is still adding to its reserves.
The company is making a statement about its treasury model, not about Ether price action month to month. SharpLink’s strategy relies on accumulating and staking Ether, using tokens as a balance-sheet core.
For now, the contrast is clear: spot is weak, but this company’s treasury demand has not gone away.