{"id":36433,"date":"2025-07-11T15:18:27","date_gmt":"2025-07-11T15:18:27","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36433"},"modified":"2025-07-11T15:18:27","modified_gmt":"2025-07-11T15:18:27","slug":"ethereum-foundation-sells-10000-eth-to-sharplink-in-first-such-otc-deal","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36433","title":{"rendered":"Ethereum Foundation Sells 10,000 ETH to SharpLink in First-Such OTC Deal"},"content":{"rendered":"<div>\n<p>The Ethereum Foundation has sold 10,000 ether (ETH) to SharpLink Gaming in an OTC deal worth $25.7 million, marking the first time a publicly listed company has directly acquired the token directly from the protocol\u2019s core steward.<\/p>\n<p>The transaction was executed at an average price of $2,572.37 per ETH and settled on-chain via the foundation\u2019s multisig on July 10. Proceeds from the sale will be used to support EF\u2019s core activities.<\/p>\n<p>SharpLink, which trades on Nasdaq under the ticker SBET, described the purchase not as a trade, but as a \u201ccommitment to Ethereum\u2019s long-term mission.\u201d The company is positioning ETH as its primary treasury reserve asset and said it plans to stake and restake the acquired ETH, effectively removing it from circulation.<\/p>\n<p>\u201cThis isn\u2019t a trade \u2014 it\u2019s a commitment,\u201d said Joseph Lubin, Chairman of SharpLink and a co-founder of Ethereum, said in a release. \u201cSharpLink is acquiring, staking and restaking ETH as responsible industry stewards, removing supply from circulation and reinforcing the health of the Ethereum ecosystem.\u2019<\/p>\n<p>\u201cMoreover, we see this as the start of something bigger \u2013 a model for how mission-driven organizations can work to advance our ecosystem\u2019s shared goals of decentralization, economic empowerment and protocol-native finance,\u201d Lubin added.<\/p>\n<p>The move comes at a time when ETH ETF inflows are building, ETH-denominated treasuries are re-emerging, and protocol-native finance is regaining attention.<\/p>\n<p>ETH was trading above $3,000 as of U.S. morning hours Friday, up more than 8% in the past 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Ethereum Foundation has sold 10,000 ether (ETH) to SharpLink Gaming in an OTC deal worth $25.7 million, marking the first time a publicly listed company has directly acquired the token directly from the protocol\u2019s core steward. The transaction was executed at an average price of $2,572.37 per ETH and settled on-chain via the foundation\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-36433","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36433"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36433\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}