SharpLink Gaming, the world’s largest publicly traded company adopting the Ethereum treasury strategy and holding the largest amount of ETH, has purchased 10,000 ETH directly from the Ethereum Foundation.
SharpLink Gaming has announced that it has signed a definitive agreement with the Ethereum Foundation (“EF”) under which SharpLink will purchase 10,000 ETH on the Ethereum mainnet for $25,723,680, according to an official statement from SharpLink Gaming.
The purchase price per ETH was $2,572.37 and the transaction was executed on July 10, 2025.
SharpLink Chairman and Ethereum Co-Founder Joseph Lubin commented on the 10,000 ETH purchase:
“As Ethereum enters a new era for enterprise, we are proud to support the network’s long-term strength and decentralization mission.
This ETH transaction is not an exchange; it’s our commitment to our long-term vision. SharpLink is buying, staking, and re-staking ETH, removing the supply from circulation and strengthening the health of the Ethereum ecosystem.
Moreover, we see this as the beginning of something bigger.”
ETH, which has gained 7.6% in the last 24 hours, is trading at $2,982, having fallen below $3,000 at the time of writing.
NEW: SharpLink has acquired 10,000 $ETH directly from the Ethereum Foundation
The purchase closed at ~$25.7M, with $ETH acquired at an average price of ~$2,572
Ethereum is entering a new era of institutional relevance, and we’re proud to support its long-term strength and… pic.twitter.com/ow1e2PXQ1W
— SBET (SharpLink Gaming) (@SharpLinkGaming) July 11, 2025
*This is not investment advice.
