SharpLink Gaming Makes Bold Move: Snaps Up 10,000 ETH from Ethereum Foundation, Now Holds Whopping 215,634 ETH

SharpLink Gaming just doubled down on crypto—hard. The gaming giant scooped up another 10,000 ETH directly from the Ethereum Foundation, pushing its total stash to a jaw-dropping 215,634 ETH. That’s not just a bet on Web3—it’s an all-in shove.

Why This Matters

Forget dipping a toe—SharpLink’s diving headfirst into decentralized finance. This isn’t some speculative retail trader’s play. When a publicly traded company stockpiles ETH at this scale, it’s a calculated power move. Especially when sourced straight from the Foundation itself.

The Bigger Picture

While traditional finance bros argue about Fed rates, SharpLink’s playing 4D chess. At current valuations, their ETH war chest represents a nine-figure commitment to blockchain infrastructure. Either they know something Wall Street doesn’t—or they’re about to make gaming’s first billion-dollar crypto blunder. Place your bets.

Ethereum Foundation sells 10K ETH to SharpLink GamingEthereum Foundation sells 10K ETH to SharpLink Gaming Ethereum Founder Reacts Meanwhile, the Ethereum Foundation disclosed that it will use the funds raised from the transaction to finance its core operations and activities. In particular, the funds will be allocated to the foundation's ongoing work, including ecosystem growth, protocol research and development, as well as community grants. Joseph Lubin, co-founder of the Ethereum Foundation and Chairman of SharpLink, disclosed that the 10,000 ETH acquisition goes beyond a short-term trade. It is a commitment to the organization’s long-term vision. Moreover, he indicated that SharpLink will stake and re-stake the 10,000 ETH, locking up the tokens and reducing the circulating supply. In his view, this move could set a precedent for how mission-driven organizations can support Ethereum’s shared goals of economic empowerment and decentralization. SharpLink Ethereum Holdings Soars to 215,634 Meanwhile, the latest acquisition further increases SharpLink’s holdings of the second-largest cryptocurrency by market cap. According to the firm, it is currently the largest publicly-traded company to adopt ETH as a primary reserve asset. Earlier this week, SharpLink announced that it purchased 7,689 ETH between June 28 and July 4 for $19.2 million. As of July 8, the company claimed it held around 205,634 ETH. Following its latest acquisition, it has increased its holdings to 215,634 ETH tokens. It is worth mentioning that SharpLink has been staking and re-staking the ETH it holds. Earlier this week, the company reported earning over 320 ETH in staking rewards, which were subsequently re-staked. https://twitter.com/SharpLinkGaming/status/1942555799781519808 The latest announcement comes just hours after Ethereum crossed the $3,000 threshold. At the time of publication, Ethereum was trading at $3,005, up 7.85% in the past day and 18.54% over the past week.