- Publicly traded company SharpLink Gaming has acquired 10,000 ETH, worth about $25.7 million
- The purchase was a direct, over-the-counter (OTC) deal with the Ethereum Foundation itself
- The move is one of the largest known direct ETH purchases by a public company, signaling high conviction
On July 11, 2025, publicly traded company SharpLink Gaming acquired 10,000 ETH, worth approximately $25.7 million, in a direct, over-the-counter (OTC) deal with the Ethereum Foundation.
The move, confirmed by the Foundation on Friday, marks one of the largest known direct purchases of ETH by a public company.
Ethereum Foundation’s reason to sell
The Ethereum Foundation, this sale was not a speculative market trade or a signal of a change in their outlook. Instead, the move was a pre-planned, routine action dictated by the Foundation’s public treasury management policy
The policy outlines ETH sales when the fiat portion of EF’s reserves drops below targets linked to annual operational expenses and runway duration.
Treasury Policy and Sale Strategy
The policy requires the Foundation to sell ETH to rebalance its holdings whenever its fiat reserves drop below a certain threshold needed to cover its operational expenses (15% of total treasury) for a 2.5-year runway.
When fiat reserves fall below this threshold, the foundation sells ETH to rebalance. EF did not frame the transaction as a response to market conditions, instead calling it a routine treasury action under the policy’s guidelines.
The treasury framework emphasizes safety, liquidity, and alignment with Ethereum’s principles. EF aims to earn sustainable returns while supporting decentralized finance without contributing to systemic risks. The policy includes periodic reallocations and ETH deployments in staking, lending, or yield-generating platforms.
Related: Ethereum (ETH) Price Prediction & Analysis for July 12
SharpLink Gaming’s reason to buy ETH
For SharpLink Gaming, acquiring ETH directly from the Foundation is the ultimate vote of confidence in the asset. It also represents a more sophisticated way for corporations to build their treasuries.
By using an OTC deal, a large buyer can acquire a significant position without causing the price slippage that would occur if they tried to buy the same amount on open-market exchanges.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
