Ethereum Foundation Sells 10,000 ETH in Major OTC Deal
- Ethereum Foundation completes major ETH sale to SharpLink Gaming.
- Significant move boosts SharpLink’s Ethereum reserves.
- Ethereum price surge follows substantial transaction.
The Ethereum Foundation has sold 10,000 ETH to SharpLink Gaming Inc. in an over-the-counter deal finalized on July 10, 2025. This transaction happened through the Ethereum Foundation’s multisig wallet.
Joseph Lubin, Chairman of SharpLink, highlights Ethereum’s new era of institutional growth. The transaction signals rising institutional interest in Ethereum, as evidenced by SharpLink’s increased holdings and the market’s positive response.
Transaction Details and Impact
Ethereum Foundation sold 10,000 ETH at $2,572.37 each, totaling approximately $25.7 million. This sale aligns with Ethereum’s rising institutional demand as SharpLink strengthens its Ethereum reserves.
SharpLink’s purchase elevates its reserves to over 202,000 ETH, highlighting growing confidence in Ethereum’s long-term potential. The deal predates a 7.4% price increase in ETH.
Institutional Adoption and Market Implications
The purchase by SharpLink, the largest public company using ETH as a treasury asset, indicates continuing institutional adoption. Ethereum’s price surge after the sale further supports this trend and may benefit related Ethereum-based assets.
The transaction and subsequent market rally underscore Ethereum’s position as a critical asset in the blockchain ecosystem. This may influence staking derivatives and other cryptocurrency infrastructure investments. Joseph Lubin commented, “At a time when Ethereum is entering a new era of institutional relevance, we are proud to support the network’s long-term strength and decentralization mission.”
Strategic Implications for Ethereum’s Future
Ethereum Foundation’s fund allocation from the sale remains unspecified, but traditionally supports protocol development and grants. This practice reflects ongoing strategic funding priorities within the ecosystem.
Experts predict that this sale could encourage similar strategies by other institutions, reinforcing Ethereum’s market significance. Historical trends show Ethereum Foundation’s market activity often correlates with price movements, affecting both short-term and long-term trends.
