SharpLink Gaming Acquires 10,000 ETH Directly from the Ethereum Foundation

Publicly traded company SharpLink Gaming has acquired 10,000 ETH, worth about $25.7 million The purchase was a direct, over-the-counter (OTC) deal with the Ethereum Foundation itself The move is one of the largest known direct ETH purchases by a public company, signaling high conviction On July 11, 2025, publicly traded company SharpLink Gaming acquired 10,000 ETH, worth approximately $25.7 million, in a direct, over-the-counter (OTC) deal with the Ethereum Foundation. The move, confirmed by the Foundation on Friday, marks one of the largest known direct purchases of ETH by a public company. Ethereum Foundation’s reason to sell The Ethereum Foundation, this sale was not a speculative market trade or a signal of a change in their outlook. Instead, the move was a pre-planned, routine action dictated by the Foundation’s public treasury management policy The policy outlines ETH sales when the fiat portion of EF’s reserves drops below targets linked to annual operational expenses and runway duration. (adsbygoogle = window.adsbygoogle || []).push({}); Treasury Policy and Sale Strategy The policy requires the Foundation to sell ET… The post SharpLink Gaming Acquires 10,000 ETH Directly from the Ethereum Foundation appeared first on Coin Edition .

Source: Coin Edition