SharpLink Gaming Acquires 10,000 ETH from Ethereum Foundation

SharpLink Gaming, the largest publicly traded firm to designate ether (ETH) as its principal treasury reserve asset, has secured a deal with the Ethereum Foundation (EF) to acquire 10,000 ETH for $25,723,680.

According to an official announcement, the company purchased the asset at an average price of approximately $2,572.37. The acquisition comes when ETH is gaining increasing traction among institutions.

SharpLink Holds 215,634 ETH

Following the latest acquisition, the company’s stock surged over 16.94%, trading at $21.61. This shows strong investors’ confidence in the asset.

Notably, Ethereum has established itself as a top blockchain for executing smart contracts and powering decentralized applications. It plays a significant role in how the Web3 ecosystem is taking shape.

Commenting on the latest move, Joseph Lubin, Chairman of SharpLink, 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.”

Lubin further revealed that the company will support the network’s long-term strength and decentralization journey. With ETH making remarkable moves, the SharpLink executive sees the agreement as a big deal, as it plans to advance economic empowerment and protocol-native finance.

SharpLink has continued in its ETH accumulation in recent times. Following the recent purchase, the company now holds 215,634 ETH, valued at $646 million at the current price. On July 8, 2025, the publicly traded company added 7,689 ETH ($19.23 million) to its ETH stash.

BTCT Capital Establishes $1M ETH Reserve

Like SharpLink, BTCT Capital, a blockchain technology company, announced today that it has established a strategic reserve of $1 million in ETH. According to the announcement, this marks the first step in the firm’s larger strategy to expand its involvement with Ethereum’s on-chain financial ecosystem.

Siguang Peng, CEO of BTCT, revealed the firm plans to position itself for decentralized finance, stablecoin issuance, and asset tokenization. Peng noted that the initiative advances its technological capabilities, market credibility, and facilitates more effective capital utilization.

“As the stablecoin market continues its explosive growth, Ethereum has emerged as the foundation of on–chain USD settlement and value transfer,” Peng wrote.

Founded in 2006, BTC Capital has a long-term strategy to value across the metaverse, blockchain, and crypto mining industry. The company is strategically focused on building a diversified blockchain portfolio, including crypto mining operations, infrastructure development, mining pool services, and data center management.

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