Emre Yumlu 
A major development has stirred the crypto world. U.S.-based SharpLink Gaming has officially announced a direct purchase of 10,000 ETH from the Ethereum Foundation, marking a pivotal moment in the institutional adoption of Ethereum.
Over $25 Million Worth of ETH Acquired
According to SharpLink’s statement, the transaction was finalized on the Ethereum mainnet on July 10, 2025. The company purchased each ETH at an average price of $2,572.37, bringing the total transaction value to $25,723,680. With this move, SharpLink solidifies its position as the largest publicly traded company to adopt Ethereum as its primary treasury reserve asset.
SharpLink Gaming: “This Is Not a Trade, It’s a Vision”
Joseph Lubin, Chairman of SharpLink and one of the co-founders of Ethereum, emphasized that this purchase is not a speculative trade, but a long-term strategic commitment. “SharpLink isn’t just buying ETH — we are staking and restaking it. By doing so, we’re reducing circulating supply and contributing to the health of the Ethereum network,” he stated.
A Direct Deal with Ethereum’s Core Institution
The Ethereum Foundation (EF), from which the ETH was acquired, is headquartered in Zug, Switzerland and plays a key role in the development and sustainability of the Ethereum protocol. It funds developers, researchers, and Web3 projects, fostering innovation across the decentralized ecosystem.
Aligning with Ethereum and Web3 Strategy
SharpLink Gaming isn’t just an iGaming company — it’s actively working to reshape the online gaming and sports betting industries through smart contracts, DeFi protocols, and Web3 technologies. The acquisition of Ethereum supports not only its financial strategy but also its broader technological vision.
Institutional Adoption of Ethereum Accelerates
SharpLink’s move is part of a growing trend where institutions are integrating digital assets into their treasury strategies. Among them, Ethereum is gaining traction not just as an investment, but as the backbone of the Web3 economy.
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