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.