SharpLink Gaming Acquires 10,000 ETH from Ethereum Foundation

SharpLink Gaming purchased 10,000 Ethereum (ETH) from the Ethereum Foundation on July 10, 2025, for $25,723,700, marking the largest direct Ethereum purchase by a publicly traded company to date.

This acquisition underscores SharpLink’s commitment to Ethereum, creating ripples in the market, including a 50% surge in SharpLink’s stock value and positioning SharpLink as an institutional support pillar for the Ethereum network.

SharpLink’s $25.7M Ethereum Purchase Boosts Market Confidence

SharpLink Gaming’s strategic acquisition of 10,000 ETH directly from the Ethereum Foundation highlights its commitment to adopting Ethereum as its primary financial reserve asset. The transaction, conducted over-the-counter, indicates SharpLink’s intention to support the Ethereum network by engaging in staking and re-staking activities. This move reflects the largest direct ETH purchase by a public entity for treasury purposes.

SharpLink’s purchase demonstrates the increasing institutional interest in Ethereum. By securing Ethereum as a treasury asset, SharpLink aims to play a pivotal role in the decentralization and security of the network. This adoption strategy mirrors landmark Bitcoin strategies seen with other corporations.

This purchase represents a definitive treasury investment, not a speculative trade; it supports the decentralization and security of Ethereum.

Ethereum Gains 17% as Institutional Backing Grows

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SharpLink’s acquisition is comparable to MicroStrategy’s strategy with Bitcoin, further cementing Ethereum’s position within public company treasuries and showcasing the token’s growing mainstream institution appeal.

According to CoinMarketCap, as of July 11, 2025, Ethereum’s current price stands at $2,951.89 with a market cap of $356.34 billion. Its trading volume reached $37.73 billion, highlighting a 15.19% increase. Ethereum experienced a 17.12% gain over seven days, with significant fluctuation in the previous three months.

The Coincu research team suggests SharpLink’s move could inspire other companies to adopt similar strategies with Ethereum. As institutional backing grows, it’s vital for regulatory clarity to ensure smooth integration and enhance the network’s robustness.