SharpLink Gaming (SBET)announced that the Company has entered into a definitive agreement with the Ethereum (ETH) Foundation, providing for SharpLink to purchase 10,000 ETH on the Ethereum mainnet in exchange for $25,723,680. The per ETH purchase price was $2,572.37; and the transaction closed on July 10. Headquartered in Zug, Switzerland, EF is one of the principal stewards of the Ethereum ecosystem. Established to support the development and growth of the Ethereum protocol and its broader community, EF provides funding, coordination and guidance to developers, researchers and innovators building on Ethereum’s decentralized infrastructure. Ethereum is widely regarded as the leading blockchain platform for smart contracts and decentralized applications and plays a fundamental role in the evolving Web3 economy.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SBET:
- Crypto Currents: Ripple taps BNY Mellon as Treasury tightens mixer rules
- Unusually active option classes on open July 9th
- Why Did BTCS Stock Skyrocket Today?
- Unusually active option classes on open July 8th
- SharpLink Gaming Acquires 7,689 ETH for Staking