SharpLink has completed the purchase of 10,000 ETH from the Ethereum Foundation for $25,723,680, strengthening its position within the Ethereum ecosystem.
Acquisition of ETH by SharpLink
SharpLink has completed a deal to purchase 10,000 ETH for $25,723,680. The price per unit of ETH in this transaction is $2,572.37. The transaction was closed on July 10, 2025. The total amount of ETH held by SharpLink increased from 205,634 to 215,634 ETH.
Support for the Ethereum Ecosystem
The acquisition of ETH is part of SharpLink's strategy to support long-term stability and decentralization within the DeFi ecosystem. Company Chairman and Ethereum co-founder Joseph Lubin noted that acquiring ETH is SharpLink's way of contributing to the control of the cryptocurrency's supply, which may positively affect its price.
SharpLink's Corporate Strategies
Like several other major companies, SharpLink has chosen Ethereum as its primary reserve asset. This decision underscores its commitment to developing blockchain-based assets. SharpLink plans to increase its ETH holdings and participate in staking on the Ethereum Proof-of-Stake network, which could significantly enhance the yield of its investments.
The purchase of 10,000 ETH demonstrates SharpLink's serious intentions to strengthen its position within the Ethereum ecosystem and support decentralized finance.
