ETHEREUM FOUNDATION SELLS 10,000 ETH TO SHARPLINK: TREASURY DIVERSIFICATION STRATEGY
The Ethereum Foundation has completed a historic sale of 10,000 ETH to SharpLink Gaming for $25.7 million, at a price of $2,572.37 per ETH on July 10, 2025. This OTC transaction represents the first direct acquisition of ETH by a publicly traded company from the Foundation.
The sale falls under the routine treasury adjustments strategy of the Ethereum Foundation, which periodically liquidates part of its ETH reserves to diversify its portfolio and fund the development of the Ethereum ecosystem. These operations allow the Foundation to maintain financial stability and reduce exposure to ETH volatility.
For SharpLink Gaming, a company listed on Nasdaq with the symbol SBET, the purchase consolidates its position as the largest public company to adopt Ethereum as the main reserve asset of its treasury. The company will use the ETH for replenishment and restoration, with a long-term perspective.
This transaction demonstrates the growing institutional confidence in Ethereum and could signal a trend of corporate adoption of cryptocurrencies as a strategic store of value.
