SharpLink Gaming, the largest publicly traded company with Ethereum assets, has made a significant ETH purchase through an agreement with the Ethereum Foundation.
Deal for 10,000 ETH
SharpLink Gaming announced it has signed an agreement with the Ethereum Foundation to purchase 10,000 ETH on the Ethereum mainnet for $25,723,680. The purchase price per ETH was $2,572.37, with the transaction being completed on July 10, 2025.
Comment from Joseph Lubin
Chairman of SharpLink and Ethereum Co-Founder Joseph Lubin commented on the purchase: "As Ethereum enters a new era for enterprise, we are proud to support the network’s long-term strength and decentralization mission. This transaction is not an exchange; it’s our commitment to our long-term vision. SharpLink is buying, staking, and re-staking ETH, removing it from circulation and strengthening the health of the Ethereum ecosystem. Moreover, we see this as the beginning of something bigger."
Current ETH Trends
Currently, ETH is trading at $2,982, having gained 7.6% in the last 24 hours after trading below $3,000 at the time of writing.
Thus, SharpLink Gaming strengthens its position in the Ethereum ecosystem, which could mean new developments for the company's business and Ethereum as a whole.
