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Coin Telegraph

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Image Credit: Coin Telegraph

SharpLink buys 10,000 ETH from Ethereum Foundation as Ether reclaims $3K

  • The Ethereum Foundation sold 10,000 Ether through an over-the-counter deal as Ether briefly reclaimed the $3,000 mark.
  • SharpLink Gaming purchased the 10,000 ETH at an average price of $2,572.37, amounting to over $25 million in a transaction closed on Thursday.
  • SharpLink Gaming has been expanding its Ether strategy, including establishing an Ethereum-based corporate treasury plan and appointing Joseph Lubin as chairman of its board.
  • Ether's price surged as Bitcoin reached new highs, with funds flowing into crypto ETFs, and the Ethereum network gearing up for a transition to zero-knowledge proofs for block executions.

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