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.