SharpLink Gaming buys 10,000 ETH from Ethereum Foundation for $25.7M; obtains ATM sale waivers

Sharplink, Inc.

Purchased 10,000 ETH on Ethereum mainnet from Ethereum Foundation for $25,723,680 ($2,572.37/ETH); closed July 10, 2025.
Entered letter agreements waiving share reserve provisions to allow ATM sales of common stock before stockholder approval on July 24, 2025.
Joseph Lubin (Chairman and Ethereum co-founder) says SharpLink will stake/restake ETH as long-term treasury reserve; no assurance stockholder approval will pass.
ETH purchased were not previously disclosed in any prior holdings; company presents itself as 'world's largest publicly traded company to adopt ETH as primary treasury reserve'.

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