Share this article
Ethereum Foundation Sells 10,000 ETH to SharpLink in First-Such OTC Deal
The company is positioning ETH as its primary treasury reserve asset and said it plans to stake and restake the acquired ETH, effectively removing it from circulation.
Updated Jul 11, 2025, 2:03 p.m. Published Jul 11, 2025, 12:38 p.m.
What to know:
- The Ethereum Foundation sold 10,000 ETH to SharpLink Gaming in a $25.7 million OTC deal, marking the first direct acquisition of ETH by a publicly listed company from the Foundation.
- SharpLink, trading under SBET, plans to use ETH as its primary treasury reserve asset, staking and restaking it to support Ethereum's ecosystem.
- The transaction was completed at $2,572.37 per ETH and comes amid rising ETH ETF inflows and renewed interest in protocol-native finance.
The Ethereum Foundation has sold 10,000 ether to SharpLink Gaming in an OTC deal worth $25.7 million, marking the first time a publicly listed company has directly acquired the token directly from the protocol’s core steward.
The transaction was executed at an average price of $2,572.37 per ETH and settled on-chain via the foundation’s multisig on July 10. Proceeds from the sale will be used to support EF’s core activities.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Loading...
SharpLink, which trades on Nasdaq under the ticker SBET, described the purchase not as a trade, but as a “commitment to Ethereum’s long-term mission.” The company is positioning ETH as its primary treasury reserve asset and said it plans to stake and restake the acquired ETH, effectively removing it from circulation.
“This isn’t a trade — it’s a commitment,” said Joseph Lubin, Chairman of SharpLink and a co-founder of Ethereum, said in a release. “SharpLink is acquiring, staking and restaking ETH as responsible industry stewards, removing supply from circulation and reinforcing the health of the Ethereum ecosystem.’
“Moreover, we see this as the start of something bigger – a model for how mission-driven organizations can work to advance our ecosystem’s shared goals of decentralization, economic empowerment and protocol-native finance,” Lubin added.
The move comes at a time when ETH ETF inflows are building, ETH-denominated treasuries are re-emerging, and protocol-native finance is regaining attention.
ETH was trading above $3,000 as of U.S. morning hours Friday, up more than 8% in the past 24 hours.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Más para ti
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
Lo que debes saber:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
