Ethereum Foundation Sells 10,000 ETH to SharpLink Gaming

The Ethereum Foundation, in a recent transaction, sold 10,000 ETH to SharpLink Gaming at an average price of $2,572.37 per ETH earlier this week.

This transaction is significant as SharpLink Gaming’s acquisition marks the largest direct ETH purchase by a publicly traded company for treasury purposes. The purchase aligns with their strategy to support Ethereum’s long-term ecosystem goals by potentially increasing staked Ether.

Ethereum Foundation’s Strategic Sale to SharpLink Spurs Market Uplift

The Ethereum Foundation confirmed the sale of 10,000 ETH at $2,572.37 each to SharpLink Gaming on July 10, 2025. This move is described by the Foundation as part of their routine treasury adjustments, according to the Ethereum Foundation Treasury Acquisition Announcement. Notably, SharpLink Gaming’s stock price surged by 50% following the announcement. Joseph Lubin, Chairman of SharpLink, emphasized the significance of supporting Ethereum’s decentralization goal during Ethereum’s era of increased institutional interest.

This OTC transaction avoids any immediate price volatility in ETH markets, showcasing SharpLink Gaming’s commitment to Ethereum’s long-term success. By acquiring ETH as a primary treasury reserve, SharpLink supports Ethereum’s central role in blockchain technology.

Record-Breaking Institutional ETH Purchase Strengthens Ethereum’s Corporate Standing

Did you know? This transaction could solidify Ethereum’s status as a pivotal asset within corporate finance frameworks.

As of the last update from CoinMarketCap on July 11, 2025, Ethereum (ETH) trades at $2,997.67, with a market cap of approximately $361.87 billion. ETH has seen a 6.18% increase in the past 24 hours, signaling robust market activity. Trading volume has surged to $43.76 billion, marking a 56.65% rise as Ethereum exhibits heightened interest.

The Coincu research team notes: By participating in such purchases, firms like SharpLink highlight their confidence in Ethereum’s technological and financial trajectory. The implications for Ethereum’s integration into traditional finance sectors remain substantial amidst this strategic acquisition and commitment to staking.