SharpLink Gaming Scoops 10,000 ETH From Ethereum Foundation

Following an agreement with the Ethereum Foundation, SharpLink will be completing the purchase of 10,000 ETH in exchange for $25,723,680. This means that a unit of ETH will be going for $2,572.37. The over-the-counter (OTC) transaction closed on July 10, 2025. SharpLink Reinforces its Position in the ETH Ecosystem SharpLink’s acquisition of Ethereum (ETH) further deepens its association with the second-largest cryptocurrency by market capitalization. It is already touted as the world’s largest publicly traded company to adopt Ethereum as its primary treasury reserve asset. As it stands, SharpLink’s Ethereum holding has moved from 205,634 ETH, which was previously disclosed, to about 215,634 ETH. Following an 8.25% 24-hour surge in the altcoin’s price, 1 unit of ETH is currently trading at $3,003.52. This brings the value of SharpLink’s holdings to a total of approximately $647.66 million, but DeFiLlama pegged the value at $559 million at the time of this writing. Reinforcing Ethereum Ecosystem Health Beyond expanding its corporate ETH treasury, the recent development is the Nasdaq-listed company’s strategy of showing support for the long-term strength and decentralization of Decentralized Finance’s (DeFi) largest asset. Speaking of the milestone, the firm’s Chairman and Ethereum co-founder, Joseph Lubin, noted that acquiring ETH is SharpLink’s contribution towards controlling the supply of the coin. This tactic could boost the price of ETH. “SharpLink is acquiring, staking, and restaking ETH as responsible industry stewards, removing supply from circulation and reinforcing the health of the Ethereum ecosystem,” Lubin outlined. SharpLink Adopts ETH in Corporate Treasury Like several other top firms , the Minneapolis-based tech company decided that it would adopt Ethereum as its main treasury asset. As a result, it has been investing in the acquisition of the coin . It has raised about $425 million in a private placement led by Consensys, a crypto infrastructure developer led by Lubin. This ETH corporate treasury decision, which was made about a month ago, reflects its strong commitment to blockchain-based assets and its goal to be a leader in the digital finance niche. Ultimately, the goal is to grow its ETH holdings, stake them on Ethereum’s Proof-of-Stake (PoS) network, and increase the amount of ETH each investor owns. Meanwhile, the ETH price is exhibiting strength, and investors are hoping that it remains so for a long time. The post SharpLink Gaming Scoops 10,000 ETH From Ethereum Foundation appeared first on TheCoinrise.com .

Source: The Coin Rise