The Ethereum Foundation executed a sale of 10,000 ETH to SharpLink Gaming on July 10, 2025, marking a significant event in the cryptocurrency market.
SharpLink Acquires 10,000 ETH in Strategic Buy
The Ethereum Foundation sold 10,000 ETH to SharpLink Gaming through an over-the-counter transaction to prevent market impact. The $25 million purchase is a notable move in treasury management strategy.
OTC Sale Shields ETH Price from Volatility
The sale did not impact Ether's market price immediately due to the OTC method. Analysts view this as a strategic move to minimize price volatility. The transaction boosts institutional adoption of ETH and showcases SharpLink's confidence in the currency's future.
Foundation's Past ETH Sales and Market Calm
Previous ETH sales by the Ethereum Foundation often led to market unease and price drops. This time, the structured OTC sale avoided such turbulence, reassuring market participants. Joseph Lubin, Chairman of SharpLink and Co-Founder of Ethereum and ConsenSys, noted, "His recent appointment as SharpLink chair is a strategic alignment signal."
The transaction between the Ethereum Foundation and SharpLink Gaming highlights Ethereum's increasing corporate integration, potentially leading to greater institutional backing of ETH in the future.
