SharpLink Gaming Makes Another Massive Ethereum Purchase, Buys 10,000 ETH from Foundation Brenda Mary | usagoldmines.com

TLDR:

• SharpLink buys 10,000 ETH from Ethereum Foundation in $25.7M on-chain deal.
• Company plans to stake entire ETH holding to reduce supply and earn yield.
• SharpLink becomes largest public firm to hold Ethereum as a treasury asset.
• Deal signals growing institutional alignment with protocol-native finance.

SharpLink Gaming has continued its aggressive Ethereum accumulation strategy with another major purchase directly from the Ethereum Foundation. 

The company secured 10,000 ETH worth approximately $25.7 million, signaling deeper involvement with the crypto ecosystem. This acquisition marks one of the largest known single purchases from the Foundation in recent months. 

The move follows SharpLink’s growing commitment to using Ethereum as a core treasury asset. It also reflects a rising trend among public companies aligning their reserves with decentralized protocols.

SharpLink and Ethereum Foundation Deal Finalized

SharpLink Gaming confirmed it finalized the agreement on July 10, acquiring 10,000 ETH at $2,572.37 per coin. The deal totaled $25,723,680 and was settled directly on the Ethereum mainnet. 

According to a press release issued the next day, this transaction cements SharpLink as the largest publicly traded company to hold Ethereum in treasury.

The Ethereum Foundation, based in Zug, Switzerland, manages funding and development across the Ethereum network. It rarely sells large amounts of ETH directly, making this sale noteworthy. 

Sources familiar with the transaction described it as a deliberate, long-term commitment by SharpLink rather than a short-term trade.

According to Chairman Joseph Lubin, who also co-founded Ethereum, SharpLink plans to stake and restake the ETH it now holds. The company’s goal is to reduce circulating supply and reinforce Ethereum’s long-term value. Lubin stated that SharpLink views the acquisition as part of a broader model for mission-driven organizations to support decentralization.

This strategy mirrors Ethereum’s evolving role in protocol-native finance. 

By locking ETH through staking, companies like SharpLink aim to earn yield while supporting the blockchain’s network security. The move also signals confidence in Ethereum’s staking infrastructure and the upcoming financial frameworks being built around it.

Institutional Interest in Crypto Grows

This latest buy follows a growing trend of institutions increasing exposure to digital assets. 

SharpLink’s public commitment to Ethereum adds weight to broader adoption narratives. Analysts note that such purchases often drive attention from other corporate treasuries exploring blockchain-based finance.

Wu Blockchain, a crypto news tracker, flagged the transaction shortly after the press release surfaced. It noted the growing alignment between public companies and leading crypto protocols. With Ethereum pushing deeper into institutional relevance, deals like SharpLink’s could become more common.

SharpLink Gaming (Nasdaq: SBET) announced today it has executed a direct purchase of 10,000 ETH (approximately $25.7 million) from the Ethereum Foundation at $2,572.37 per ETH, finalizing the transaction on July 10, 2025. https://t.co/wXZlDeNjuv

— Wu Blockchain (@WuBlockchain) July 11, 2025

SharpLink has been gradually building its ETH reserves over the past year. This latest acquisition strengthens its position as a corporate player fully engaged with Ethereum’s growth. The company has emphasized it is not trading the asset, but rather adopting it as a foundational part of its financial structure.

The post SharpLink Gaming Makes Another Massive Ethereum Purchase, Buys 10,000 ETH from Foundation appeared first on Blockonomi.

This articles is written by : Nermeen Nabil Khear Abdelmalak

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