Sharplink Gaming closed an OTC deal with the Ethereum Foundation, acquiring 10,000 ETH at $2,572.37. The treasury company will use the ETH for staking and re-staking, with a long-term holding outlook.

Nasdaq-listed SharpLink Gaming (SBET) has ramped up its Ethereum Treasury strategy, acquiring 31,487 ETH worth $90 million in just 24 hours.

What To Know: SharpLink said it acquired 10,000 ETH from the Ethereum Foundation for $25,723,680, or $2,572.37 per ETH. The deal closed July 10, 2025, and the company now holds Ethereum as its primary treasury reserve asset.