Sharplink Gaming closed an OTC deal with the Ethereum Foundation, acquiring 10,000 ETH at $2,572.37. The treasury company will use the ETH for staking and re-staking, with a long-term holding outlook.

Nasdaq-listed SharpLink Gaming (SBET) has ramped up its Ethereum Treasury strategy, acquiring 31,487 ETH worth $90 million in just 24 hours.

Key Takeaways The Ethereum Foundation sold 10,000 ETH, raising $25.7 million to fund protocol R&D. Nasdaq-listed SharpLink Gaming (SBET) purchased the ETH, describing the move as a long-term commitment.