Sharplink recently announced it purchased more Ethereum, increasing it holding. However, the recent  purchase was not directly from an exchange.

The strategic acquisition underscores growing corporate interest in Ethereum’s ecosystem, particularly as the network continues to evolve with major scalability upgrades and expanding use cases in decentralized finance (DeFi), tokenization, and Web3 infrastructure.

Furthermore, a $1.19 billion market cap company whose stock has surged nearly 46% in the past week, has purchased 10,000 Ethereum (ETH) from the Ethereum Foundation for $25.7 million, according to a press release statement issued Friday. Investingpro data shows the company maintains a strong cash position, with liquid assets exceeding short-term obligations.

A Vote of Confidence in Ethereum.

Analysts claimed that SharpLink’s decision to purchase a significant amount of ETH directly from the Ethereum Foundation rather than from secondary markets is a strong signal of long-term strategic alignment with its development roadmap. This also indicates a preference for transparency and alignment with the Foundation’s mission, as well as potentially favorable acquisition terms.

The institution Foundation, known for occasionally selling its token from its treasury to fund development efforts and support ecosystem growth, has not issued a public statement about the transaction. However, on-chain data from Ethereum analytics platforms confirms the transfer from a Foundation-controlled wallet to a SharpLink-designated address earlier this week.

The company at the time entered into a securities purchase agreement for a private investment in public equity worth $425 million with participation from Ethereum infrastructure firm Consensys.

Lubin on Wednesday said that ETH treasuries are crucial for the development of its ecosystem. He claimed that a large amount of Ether is in circulation, but there is insufficient activity to utilize it. He also added he decided to join SharpLink Gaming because it’s going to be critical to enable the supply-demand dynamics of Ether to right-size as we build more and more applications.

Institutional Adoption on the Rise.

SharpLink’s purchase is part of a larger trend of traditional companies increasingly integrating crypto assets into their operational strategies or balance sheets. While SharpLink is best known for building data-driven solutions for sports betting and fantasy sports platforms, the ETH acquisition suggests broader ambitions in the Web3 space, potentially including decentralized gaming, NFTs, or Layer 2 integrations.

The acquisition aligns with our vision to be at the forefront of the digital transformation sweeping the sports and entertainment industries,” a source familiar with SharpLink’s strategy told CryptoBrief Wire under condition of anonymity. “ETH is not just a speculative asset — it’s the backbone of the decentralized applications shaping the internet of the future.”