SharpLink Gaming (Nasdaq: SBET) has completed a significant direct purchase of 10,000 ETH from The Ethereum Foundation for $25.7 million, positioning itself as the world’s largest publicly traded company to adopt Ethereum as its primary treasury reserve asset.
The transaction was executed on July 10, 2025, at a price of $2,572.37 per ETH. Joseph Lubin, SharpLink’s Chairman and Ethereum Co-Founder, emphasized this move as a long-term commitment rather than a trade, highlighting plans to stake and restake ETH while supporting network decentralization.
SharpLink Gaming (Nasdaq: SBET) ha completato un importante acquisto diretto di 10.000 ETH dalla Ethereum Foundation per 25,7 milioni di dollari, diventando così la più grande società quotata al mondo ad adottare Ethereum come principale riserva di tesoreria.
La transazione è stata eseguita il 10 luglio 2025, al prezzo di 2.572,37 dollari per ETH. Joseph Lubin, Presidente di SharpLink e cofondatore di Ethereum, ha sottolineato che questa operazione rappresenta un impegno a lungo termine piuttosto che una semplice operazione commerciale, evidenziando l’intenzione di mettere in staking e ristaking gli ETH, supportando al contempo la decentralizzazione della rete.
SharpLink Gaming (Nasdaq: SBET) ha completado una compra directa significativa de 10,000 ETH a la Ethereum Foundation por 25,7 millones de dólares, posicionándose como la mayor empresa cotizada en bolsa del mundo en adoptar Ethereum como su principal activo de reserva en tesorería.
La transacción se realizó el 10 de julio de 2025, a un precio de 2,572.37 dólares por ETH. Joseph Lubin, presidente de SharpLink y cofundador de Ethereum, destacó que este movimiento es un compromiso a largo plazo y no una operación comercial, resaltando los planes de hacer staking y restaking de ETH mientras apoyan la descentralización de la red.
SharpLink Gaming (나스닥: SBET)는 이더리움 재단으로부터 10,000 ETH를 2,570만 달러에 직접 매입하며, 이더리움을 주요 재무 준비 자산으로 채택한 세계 최대의 상장 기업이 되었습니다.
이 거래는 2025년 7월 10일에 이루어졌으며, ETH당 2,572.37 달러의 가격으로 진행되었습니다. SharpLink의 회장이자 이더리움 공동 창립자인 조셉 루빈은 이 움직임이 단순한 거래가 아닌 장기적인 약속임을 강조하며, ETH 스테이킹과 재스테이킹 계획과 네트워크 분산화를 지원할 것임을 밝혔습니다.
SharpLink Gaming (Nasdaq : SBET) a réalisé un achat direct important de 10 000 ETH auprès de la Fondation Ethereum pour 25,7 millions de dollars, devenant ainsi la plus grande entreprise cotée en bourse au monde à adopter Ethereum comme principal actif de réserve de trésorerie.
La transaction a été effectuée le 10 juillet 2025, au prix de 2 572,37 dollars par ETH. Joseph Lubin, président de SharpLink et cofondateur d’Ethereum, a souligné que cette démarche constitue un engagement à long terme plutôt qu’une simple opération commerciale, mettant en avant les plans de staking et de restaking des ETH tout en soutenant la décentralisation du réseau.
SharpLink Gaming (Nasdaq: SBET) hat einen bedeutenden Direktkauf von 10.000 ETH von der Ethereum Foundation für 25,7 Millionen US-Dollar abgeschlossen und positioniert sich damit als das weltweit größte börsennotierte Unternehmen, das Ethereum als primäres Treasury-Reservevermögen einsetzt.
Die Transaktion wurde am 10. Juli 2025 zu einem Preis von 2.572,37 US-Dollar pro ETH ausgeführt. Joseph Lubin, Vorsitzender von SharpLink und Mitbegründer von Ethereum, betonte, dass es sich hierbei um eine langfristige Verpflichtung und keinen Handel handelt, und hob die Pläne hervor, ETH zu staken und erneut zu staken sowie die Dezentralisierung des Netzwerks zu unterstützen.
Negative
- Significant capital allocation to volatile cryptocurrency assets
- Exposure to crypto market volatility and regulatory risks
- Large concentration of treasury in a single digital asset
Insights
SharpLink makes unprecedented $25.7M commitment to Ethereum, becoming the largest public company using ETH as primary reserve asset.
SharpLink Gaming has made a landmark move in corporate treasury management by purchasing
What makes this particularly notable is both the size of the purchase and the direct transaction with the Ethereum Foundation itself, one of the principal stewards of the Ethereum ecosystem. This isn’t merely a speculative investment but appears to be part of a comprehensive strategy to become an active participant in the Ethereum ecosystem.
The involvement of Joseph Lubin, who serves as SharpLink’s Chairman while also being Ethereum’s Co-Founder, provides strategic alignment that few other companies could match. His statement that this purchase is “not a trade” but rather a “commitment to our long-term vision” signals SharpLink’s intention to become a permanent stakeholder in the Ethereum ecosystem.
Beyond simply holding ETH, SharpLink plans to stake and restake their Ethereum holdings, which both generates yield and supports the network’s security and operations. This approach transforms their treasury strategy from passive holding to active network participation, potentially creating multiple value streams while removing supply from circulation.
MINNEAPOLIS, MN, July 11, 2025 (GLOBE NEWSWIRE) — SharpLink Gaming, Inc. (Nasdaq: SBET) (“SharpLink” or the “Company”), the world’s largest publicly traded company to adopt Ethereum (ETH) as its primary treasury reserve asset, today announced that the Company has entered into a definitive agreement with the Ethereum Foundation (“EF”), providing for SharpLink to purchase 10,000 ETH on the Ethereum mainnet in exchange for
Headquartered in Zug, Switzerland, EF is one of the principal stewards of the Ethereum ecosystem. Established to support the development and growth of the Ethereum protocol and its broader community, EF provides funding, coordination and guidance to developers, researchers and innovators building on Ethereum’s decentralized infrastructure. Ethereum is widely regarded as the leading blockchain platform for smart contracts and decentralized applications and plays a fundamental role in the evolving Web3 economy.
Commenting on the transaction, Joseph Lubin, Chairman of SharpLink, Co-Founder of Ethereum and Founder and CEO of Consensys, stated, “At a time when Ethereum is entering a new era of institutional relevance, we are proud to support the network’s long-term strength and decentralization mission.”
Continuing, Lubin said, “This isn’t a trade – it is a commitment to our long-term vision. 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.”
About SharpLink Gaming, Inc.
Headquartered in Minneapolis, Minnesota, SharpLink Gaming, Inc. (Nasdaq: SBET) is the world’s largest publicly traded company to adopt Ethereum (ETH) as its primary treasury reserve asset – a move that aligns the Company with the future of digital capital and gives investors direct exposure to the world’s leading smart-contract platform and second largest digital asset.
SharpLink is also reimagining the future of online gaming and sports betting. Backed by a veteran team with deep roots in sports media, gaming and technology, SharpLink is charting a new course – building scalable, secure and transparent solutions that challenge outdated models and bring real innovation to the betting experience. By leveraging smart contracts, DeFi protocols and Web3 infrastructure, SharpLink intends to assume the lead in transforming the multi-billion-dollar iGaming industry into a more dynamic, efficient and equitable ecosystem. Learn more at www.sharplink.com.
Forward-Looking Statement
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and these forward-looking statements are subject to various risks and uncertainties. Such statements include, but are not limited to, the execution of the Company’s treasury strategy and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, fluctuations in the market price of ETH that will impact the Company’s accounting and financial reporting (see accounting rules discussed below), government regulation of cryptocurrencies and online betting, changes in securities laws or regulations, customer acceptance of new products and services, the demand for its products and its customers’ economic condition, the impact of competitive products and pricing, the lengthy sales cycle, proprietary rights of the Company, changes in applicable laws or regulations, and its competitors, general economic conditions and other risk factors detailed in the Company’s annual report and other filings with the SEC. Under U.S. generally accepted accounting principles, entities are required to measure certain crypto assets at fair value, with changes reflected in net income each reporting period. Changes in the fair value of crypto assets could result in significant fluctuations to the income statement results. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company does not undertake any responsibility to update the forward-looking statements in this press release.
FAQ
How many ETH did SharpLink Gaming (SBET) purchase from the Ethereum Foundation?
SharpLink Gaming purchased 10,000 ETH from the Ethereum Foundation at a price of $2,572.37 per ETH, totaling approximately $25.7 million.
What is SharpLink Gaming’s (SBET) strategy for the purchased Ethereum?
SharpLink plans to stake and restake the ETH as part of their long-term vision, removing supply from circulation while supporting network decentralization.
Who is Joseph Lubin and what is his role at SharpLink Gaming (SBET)?
Joseph Lubin is the Chairman of SharpLink Gaming, Co-Founder of Ethereum, and Founder/CEO of Consensys. He oversees the company’s strategic cryptocurrency initiatives.
What makes SharpLink Gaming’s (SBET) ETH purchase significant?
This purchase makes SharpLink the world’s largest publicly traded company to adopt Ethereum as its primary treasury reserve asset, marking a significant institutional commitment to the Ethereum ecosystem.
What was the total value and price per ETH in SharpLink Gaming’s (SBET) purchase?
The total transaction value was $25,723,680, with a price of $2,572.37 per ETH. The transaction closed on July 10, 2025.