SharpLink Gaming makes a power move as the Ethereum Foundation disappoints once again. The American gaming and online betting giant has just finalized the purchase of 10,000 ETH directly from the Ethereum Foundation. The transaction amount is $25,723,680, at a unit price of $2,572.37 per ETH. The deal was executed on the Ethereum main network and closed on July 10, 2025.
This acquisition positions SharpLink as the world’s largest publicly traded company to adopt Ethereum as its primary treasury asset. Out with government bonds, in with decentralized finance. A significant choice in a context where institutions are still finding their place in the crypto ecosystem.
A strategic transaction of over $25 million
This operation marks a turning point. Ethereum is no longer just a tool for deploying smart contracts. It is becoming a strategic asset on corporate balance sheets aligned with the Web3 vision. By adopting ETH as a treasury reserve, SharpLink clearly positions itself among the builders.
A decision that goes beyond mere speculation
“This is not a trade, it’s a commitment.” The words of Joseph Lubin, President of SharpLink and co-founder of Ethereum, resonate as a declaration of faith. The company is not just buying ETH to speculate. They plan to stake and re-stake it, actively contributing to the network’s security and resilience.
In other words, these 10,000 ETH are taken out of active circulation. Less available liquidity = potential bullish pressure on the price. A subtle yet remarkably effective leverage effect.
The announcement came as a surprise, considering that ETH is currently trading around $3,000, well above the declared sale price.
Ethereum: a strategic asset for Web3 companies?
This type of operation signifies a turning point. Ethereum is no longer just a tool for deploying smart contracts; it has become a strategic asset on company balance sheets aligned with the Web3 vision. By adopting ETH as a treasury reserve, SharpLink clearly aligns itself with the builders.
The purchase has even more impact as it is made directly from the Ethereum Foundation, based in Zug, Switzerland. A direct sale on the mainnet, between an institutional player and the core of the Ethereum ecosystem. Unprecedented on this scale.
A new era for corporate treasuries?
Bitcoin has long been the favorite cryptocurrency for company balance sheets, from Tesla to MicroStrategy, and even MetaPlanet. But with this transaction, Ethereum is gaining ground. More volatile, more utility, and now at the heart of decentralized financial applications, ETH is trying to establish itself as a logical choice for native Web3 companies.
SharpLink is not just following a trend; it is setting a path. As the crypto market searches for signals of maturity, this acquisition sends a clear message: living, useful, and well-governed protocols could be here to stay.
