#MyStrategyEvolution

On Thursday, Ethereum ETFs saw their second-highest net inflows of $383.1 million.

ETH might rise 17% to $3,470 if it breaks expanding wedge resistance.

SharpLink buys ETH again, ETFs get large inflows

SharpLink Gaming, an Ethereum treasury and esports marketing business, bought 10,000 ETH from the Ethereum Foundation (EF) for $25.72 million in an OTC trade on Thursday.

The Strategic ETH Reserve website said that the acquisition, at $2,572 per ETH, increased the company's holdings to 215,957 ETH, valued over $600 million at current pricing.

"This isn't a trade - it is a commitment to our long-term vision," SharpLink Chairman and Consensys CEO Joseph Lubin stated in a Thursday news statement.

"Guess that's one way to fix EF dumping," said Nansen CEO Alex Svanevik on Friday in an X post.