Sharplink, a firm described as holding an Ethereum treasury, makes its first crypto purchase of 2026 by buying Ethereum for roughly $16 million, according to reports. The purchase happens “last week,” and it is presented as Sharplink’s first crypto buy since sometime in the prior year, marking a break from its earlier activity. The coverage also notes that Ethereum’s price is materially lower than its prior peak, with ETH down about 68% from that high. No additional details are provided in the supplied excerpts about the exact timing of the buy beyond “last week,” the size in ETH units, the source of funds, or whether the firm plans further purchases. The reports frame the action as notable because it is the company’s first recorded crypto acquisition of the year and occurs during a period of significant drawdown for Ethereum. Overall, the available information centers on the purchase amount, its timing, and Sharplink’s status as a previously inactive buyer since last year.