Ethereum’s Institutional Adoption Soars as Sharplink Gaming Invests $25 Million
In a groundbreaking move, Nasdaq-listed Sharplink Gaming has acquired 10,000 ETH directly from the ethereum Foundation for $25.7 million, marking the largest public company adoption of Ethereum as a treasury asset. The transaction, settled on-chain via the Foundation's multisig wallet on July 10, 2025, at a price of $2,572.37 per ETH, highlights the growing institutional preference for direct blockchain settlements over traditional market channels. This landmark deal underscores Ethereum's rising prominence in the institutional investment landscape and signals a bullish outlook for its future price trajectory.
Nasdaq-Listed Sharplink Gaming Bets $25 Million on Ethereum in Landmark Deal
Sharplink Gaming has acquired 10,000 ETH directly from the Ethereum Foundation in a $25.7 million transaction, marking the largest public company adoption of Ethereum as a treasury asset. The deal, executed on July 10, 2025 at $2,572.37 per ETH, was settled on-chain via the Foundation's multisig wallet. This move signals growing institutional preference for direct blockchain settlements over traditional market channels.
The Ethereum Foundation confirmed the sale, emphasizing proceeds will fund Core operations including protocol research, developer grants, and critical infrastructure. While Foundation sales are rare, this transaction underscores Ethereum's maturing role in corporate treasury strategies. Market observers note the purchase could fuel speculation about ETH's price trajectory amid accelerating institutional adoption.
Ethereum Nears $3K Amid Mixed On-Chain Signals as Resistance Looms
Ethereum approaches the psychologically significant $3,000 level for the first time since February, currently trading NEAR $2,916. On-chain metrics reveal a neutral pressure zone where nearly equal numbers of addresses sit in profit or loss positions, creating market indecision.
The $3,008-$3,120 range presents critical resistance, with 4.1 million ETH addresses potentially becoming break-even sellers after six months underwater. Sentora's In/Out of Money analysis shows clusters of profitable holders between $2,553-$2,915, while the $2,916-$3,100 zone contains minimal on-chain resistance.
A clean break above $3,100 could fuel upward momentum, though short-term gains may be capped by profit-taking. The market structure echoes February's price action when ETH last tested these levels before retreating.
BlackRock Ethereum Inflow Soars—Will ETH Hit $5K Soon?
BlackRock's Ethereum ETF (ETHA) recorded a historic single-day net inflow of 106,827 ETH on July 10, valued at approximately $320 million. The surge signals accelerating institutional demand for Ethereum-based products, fueling speculation about ETH's potential rally toward $5,000.
Market observers note the inflow coincides with growing Optimism around regulatory clarity for crypto ETFs. Ethereum's price action remains tightly coupled to institutional adoption metrics, with BlackRock's move seen as a bellwether for broader capital allocation trends.
Ethereum Whale Absorbs $2.59M Loss Amid Market Rally
A dormant Ethereum whale resurfaced with a costly exit, depositing 2,000 ETH ($6.04M) onto HitBTC at a $2.59M loss. The tokens, originally acquired for $8.63M via Genesis Trading OTC in 2021, moved during ETH's price surge—a counterintuitive sell signal that sparked market speculation.
The transaction, tracked by Onchain Lens via Nansen data, reveals address 0xe6c8d329b9f2fc87b19610965c94848d90e9c824 ending a four-year hold. Market observers question whether this represents capitulation or strategic repositioning as Ethereum gains momentum.
Ethereum Regains $3,000 Amid Institutional Buying and ETF Inflows
Ethereum (ETH) briefly reclaimed the $3,000 threshold on Friday, buoyed by institutional demand through ETFs and a strategic acquisition by SharpLink Gaming. The Nasdaq-listed firm purchased 10,000 ETH from the Ethereum Foundation in an over-the-counter deal valued at $25.72 million, signaling long-term confidence in the asset.
ETH exchange-traded funds recorded their second-highest single-day net inflows at $383.1 million, underscoring growing institutional participation. Technical analysis suggests a potential 17% rally toward $3,470 if ETH breaches a key resistance level.
SharpLink now holds 215,957 ETH worth over $600 million, according to its Strategic ETH Reserve. The Ethereum Foundation clarified that proceeds from the OTC sale will fund ecosystem development and operational needs.
US Ethereum ETFs Set For Their Best Month Since SEC Approval
Ethereum ETFs are experiencing unprecedented demand, with July poised to become their most profitable month since launch. Corporate holders and institutional investors are driving a surge in ETH consumption, pushing prices up nearly 20% in a week. The $3,000 threshold has been breached for the first time since February.
Wall Street's embrace of Ethereum derivatives is unmistakable. US spot ETFs have attracted $890 million in monthly inflows, building on May's $564.2 million and June's $1.17 billion. Yesterday's $211.3 million net inflow marked the eighth-best day on record—a clear signal of accelerating institutional adoption.
The ETF momentum coincides with Ethereum's broader market resurgence. Derivatives markets show heavy capital inflows, while on-chain activity suggests whales and corporations are accumulating aggressively. This institutional frenzy mirrors Bitcoin's trajectory after its ETF approvals, but with Ethereum's unique DeFi and smart contract narrative adding fuel to the fire.
