based on materials from the site - By Coincu
On July 10, 2025, SharpLink Gaming acquired 10,000 Ethereum (ETH) from the Ethereum Foundation for $25,723,700, making it the largest direct purchase of Ethereum by a public company to date.
This acquisition underscores SharpLink's commitment to Ethereum, resonating in the market, including a 50% increase in SharpLink's stock value and positioning SharpLink as an institutional pillar supporting the Ethereum network.
SharpLink's purchase of Ethereum worth $25.7 million strengthens market confidence.
SharpLink Gaming's strategic acquisition of 10,000 ETH directly from the Ethereum Foundation highlights its intention to use Ethereum as a primary financial reserve asset. The off-exchange deal signifies SharpLink's intent to support the Ethereum network through staking and restaking. This move represents the largest direct purchase of ETH by a public entity for treasury purposes.
SharpLink's purchase demonstrates growing institutional interest in Ethereum. By securing Ethereum as a treasury asset, SharpLink aims to play a key role in the decentralization and security of the network. This implementation strategy reflects the landmark strategies of other corporations related to Bitcoin.
This purchase represents a definitive investment in treasury rather than a speculative deal; it supports the decentralization and security of Ethereum.
The price of Ethereum has risen by 17% due to increased institutional support.
Did you know? SharpLink's acquisition is comparable to MicroStrategy's strategy regarding Bitcoin, further strengthening Ethereum's position as a treasury asset for public companies and showcasing the growing appeal of the token to major institutional investors.
According to CoinMarketCap, as of July 11, 2025, the current price of Ethereum is $2,951.89, and the market capitalization is $356.34 billion. Trading volume reached $37.73 billion, indicating a growth of 15.19%. Over the past seven days, Ethereum's price rose by 17.12%, with significant fluctuations observed over the previous three months.
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