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

The Ethereum Foundation sold 10,000 ETH to SharpLink Gaming at a steep discount just before Ether briefly surpassed $3,000.

The Ethereum Foundation sold 10,000 Ether through an over-the-counter deal just before the cryptocurrency briefly regained the $3,000 mark.

In a Friday X post, the Ethereum Foundation said it had finalized the terms of a 10,000 Ether (ETH) sale at an average price $2,572.37 via an over-the-counter transaction. At the time of writing, Ether traded nearly 16% higher, hovering just below $3,000.

“Our OTC counterparty was Sharplink Gaming,” the foundation said.

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