SharpLink Gaming purchased 10,000 ETH directly from the Ethereum Foundation via an over‑the‑counter deal on July 10, 2025, paying $2,572.37 per ETH—a total of $25.7 million  . The company, chaired by Ethereum co‑founder Joseph Lubin, plans to stake and restake its ETH holdings, positioning ETH as its primary treasury reserve asset and reducing circulating supply to support ecosystem health . This high‑conviction move by a publicly traded firm reflects growing institutional adoption and renews optimism around Ethereum’s long‑term potential

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