Ethereum Foundation Sells 10,000 Ether to SharpLink Gaming Inc., Crypto Treasury Firm Led by Ethereum Co-Creator
July 11, 2025 – The Ethereum Foundation has successfully found a buyer for a significant batch of its Ether (ETH) holdings, marking a notable development amid previous criticism over its token sales in the open market. On Friday, the non-profit responsible for Ethereum’s blockchain announced the sale of 10,000 Ether tokens to SharpLink Gaming Inc., a recently established crypto treasury firm.
SharpLink Gaming Inc. acquired the 10,000 ETH for a total of $25.7 million, pricing each token at approximately $2,572. Notably, the firm is led by one of Ethereum’s original co-creators, underscoring the foundation’s confidence in SharpLink as a strategic and capable holder of Ether.
The Ethereum Foundation has historically faced scrutiny for liquidating its Ether reserves in open markets, a practice that has drawn criticism from some investors and community members concerned about potential market impacts. This transaction, however, represents a shift towards dealing with more specialized and closely connected entities within the crypto ecosystem.
The move is significant not only for the size of the transaction but also because it signals strengthened collaboration between the Ethereum Foundation and key industry players directly involved in the cryptocurrency’s development. By partnering with SharpLink—a crypto treasury firm focusing on managing digital assets within the gaming and blockchain industries—the foundation appears to be aligning its liquidity strategy with organizations that have vested interests in Ethereum’s long-term success.
While details regarding the future use of the acquired Ether by SharpLink Gaming have not been disclosed, the transaction reinforces the ongoing maturation of crypto treasury services and their role in supporting blockchain networks through liquidity and capital management.
As the second-largest cryptocurrency by market capitalization, Ethereum continues to play a pivotal role in decentralized finance (DeFi), smart contracts, and blockchain gaming innovation. This recent sale highlights the dynamic interactions among foundational entities, developers, and emerging crypto-focused investment firms in shaping Ethereum’s ecosystem.
About the Ethereum Foundation:
The Ethereum Foundation is a non-profit organization dedicated to supporting Ethereum’s research, development, and education worldwide. It manages funds collected through token sales and donations to promote advancements in blockchain technology.
About SharpLink Gaming Inc.:
SharpLink Gaming Inc. is a newly formed crypto treasury firm led by one of Ethereum’s co-creators. Specializing in gaming and decentralized application investments, SharpLink aims to strategically manage and grow digital asset portfolios in alignment with blockchain innovation.
This article is based on a report from Bloomberg dated July 11, 2025.