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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move signaling growing corporate confidence in cryptocurrencies, Sharplink has purchased nearly 40,000 Ether worth $62.4 million over three days, according to reports. The acquisition comes after an eight-month pause in its Ether buying activity, suggesting a return to the company's accumulation strategy.
The purchase occurs amid volatile crypto markets, with Ether trading around $3,480 on June 28, 2026, per market data. Corporate treasury buying is often viewed as a bullish signal for digital assets, especially after Ether's recovery in the first half of the year.
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Sign InInvestors are watching whether Sharplink will continue its buying spree, with upcoming Federal Reserve decisions poised to influence risk appetite for cryptocurrencies. Economic data releases in the coming weeks could also drive demand for digital assets.