SharpLink Gaming Acquires 10,000 ETH Directly from the Ethereum Foundation
2025-07-11 17:43:24
Main Idea
SharpLink Gaming acquired 10,000 ETH directly from the Ethereum Foundation in an OTC deal worth $25.7 million, following the Foundation's treasury policy to rebalance its holdings.
Key Points
1. SharpLink Gaming purchased 10,000 ETH directly from the Ethereum Foundation in an OTC deal worth approximately $25.7 million.
2. The Ethereum Foundation's treasury policy requires selling ETH when fiat reserves fall below a certain threshold to maintain operational expenses for a 2.5-year runway.
3. The acquisition by SharpLink Gaming is part of a strategic approach for corporations to build their treasuries without causing market volatility.
4. The purchase is one of the largest known direct acquisitions of ETH by a public company.
Description
Publicly traded company SharpLink Gaming has acquired 10,000 ETH, worth about $25.7 million The purchase was a direct, over-the-counter (OTC) deal with the Ethereum Foundation itself The move is one of the largest known direct ETH purchases by a public company, signaling high conviction On July 11, 2025, publicly traded company SharpLink Gaming acquired 10,000 ETH, worth approximately $25.7 million, in a direct, over-the-counter (OTC) deal with the Ethereum Foundation. The move, confirmed by the...
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