SharpLink Gaming Acquires 10,000 ETH to Strengthen Treasury Holdings

Published at 2025-09-30 14:03:31

SharpLink Gaming, Inc. (Nasdaq: SBET) recently completed a significant purchase of 10,000 ETH from the Ethereum Foundation, paying a total of $25,723,680 at an average price of $2,572.37 per ETH. The transaction, finalized on July 10, 2025, was announced the following day.

This acquisition marks SharpLink's intent to adopt Ethereum (ETH) as its primary treasury reserve asset. The company’s chairman, Joseph Lubin, expressed a strong commitment to Ethereum’s long-term strength and underlined a vision for advancing decentralization and finance through blockchain technology.

The Ethereum Foundation, based in Zug, Switzerland, continues to play a vital role in supporting the development and innovation of the Ethereum ecosystem, enabling companies like SharpLink Gaming to strategically invest in this blockchain platform.

For those interested in buying Ethereum or other cryptocurrencies, platforms like Bitlet.app offer user-friendly solutions, including a Crypto Installment service that allows users to buy cryptos now and pay monthly. This can be a practical alternative to large upfront purchases, making cryptocurrency investing more accessible.

SharpLink’s move is a strong indicator of growing institutional interest in Ethereum, reflecting confidence in blockchain-based assets as treasury reserves in the evolving financial landscape.

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