SharpLink Gaming Buys $25.7M in ETH Directly From Ethereum Foundation

• SharpLink acquires $25.7M in ETH through private OTC deal.
• Ethereum Foundation sells ETH as part of treasury management policy.
• Corporate interest in Ethereum grows with SharpLink’s strategic purchase.

SharpLink Gaming has acquired 10,000 ETH, valued at around $25.7 million, in a private over-the-counter deal with the Ethereum Foundation. The transaction, confirmed by the Foundation on Friday, stands as one of the most significant known direct ETH purchases by a public company.

This sale was not triggered by market speculation but was a scheduled action carried out under the Ethereum Foundation’s treasury policy. Under the Foundation, the guidelines state that selling ETH will be affected if the reserves in fiat currency drop below a target that guarantees 2.5 years of operating costs.

As per that target, 15 percent of the total treasury should be covered by fiat.

When Fiat holdings fell below such a closed-down level, the Foundation sold ETH to rebalance. This policy will keep the treasury healthy and is compliant with the larger philosophy of sustainability and decentralization behind Ethereum.

The Foundation will keep reallocating its ETH reserves, staking, and earning through periodic activities.

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Corporate Interest in ETH Signals Shift in Treasury Strategies

SharpLink Gaming’s decision to purchase ETH directly from the Ethereum Foundation reflects a growing trend among corporations moving into crypto. By using an OTC channel, SharpLink avoided the price slippage that would typically come with a large-scale buy on public exchanges. The strategy offers the possibility of allocating the treasury more effectively and having less of an effect on market fluctuations.

SharpLink is taking a strategic move to enhance its financial position using digital assets. This is also an indication of institutional trust in the long-term value and utility of Ethereum. Directly purchasing blockchain assets can become a more widespread practice as more publicly traded companies want to gain exposure to such assets.

Not only does this transaction mark Ethereum’s relevance among corporate actors, but it also serves as an example of the changing strategies companies are pursuing to incorporate crypto into their balance sheets.

The sale and purchase, guided by structured treasury frameworks on both sides, indicate a maturing landscape for crypto adoption. With entities like SharpLink leading the way, the bridge between blockchain and traditional finance continues to grow stronger.

Also Read: Ripple’s Stablecoin Move Sparks Global Shift in $685B Money Transfers

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