SharpLink Purchases 10,000 ETH to Bolster Ethereum Staking

SharpLink Gaming Ltd.’s acquisition of 10,000 ETH from the Ethereum Foundation on July 10, 2025, for $25.7M marks a significant investment. This move establishes SharpLink as the largest publicly traded company to adopt Ethereum as its main financial reserve.

The decision impacts the fintech and crypto sectors by underscoring Ethereum’s appeal as a treasury asset. SharpLink Gaming Ltd.’s purchase signifies a major statement in support of Ethereum’s network decentralization. Joseph Lubin, the company’s chairman, emphasized the commitment’s long-term nature rather than a speculative move.

Ethereum Price Surges Amid Institutional Inflows

SharpLink Gaming Ltd.’s purchase of 10,000 ETH signifies a major statement in support of Ethereum’s network decentralization. Joseph Lubin, the company’s chairman, emphasized the commitment’s long-term nature rather than a speculative move. Institutional interest grows as the Ethereum price surged 7.4% to $3,000 following this announcement. Lubin highlighted the importance of this acquisition, aiming to increase network security through staking initiatives.

According to CoinMarketCap as of July 12, 2025, Ethereum (ETH) holds a market cap of $355.20 billion and market dominance of 9.71%. Trading at $2,942.49, its 90-day price increase registered 79.75%, indicating substantial growth. ETH’s price rose despite a 51.52% drop in 24-hour volume, revealing increased investor confidence.

“This is a long-term commitment, not a speculative trade. By staking and restaking the acquired ETH, SharpLink reduces circulating supply, directly supporting Ethereum’s network security and value proposition.” — Joseph Lubin, Chairman, SharpLink and Co-founder, Ethereum

Market Insights and Predictions

Did you know? SharpLink Gaming’s purchase is the largest public direct Ethereum treasury acquisition, paralleling Bitcoin’s rise in corporate treasuries with entities like MicroStrategy.

The Coincu research team suggests that this purchase might precipitate further treasury allocations by corporations, potentially impacting Ethereum’s price appreciation trend. Regulatory measures could evolve as more companies follow suit, prompting tailored crypto-asset oversight to assure market stability.

Joseph Lubin’s insights into the long-term implications of this acquisition indicate a shift in how corporations view Ethereum, potentially leading to a more stable and secure market environment.