Ethereum Foundation Finds Ready Buyer in Crypto Token’s Founder

The Ethereum Foundation, which has faced a backlash from critics in the past for open-market sales of its namesake token, appears to have found a ready buyer: the recently formed crypto treasury firm headed by one of the co-creators of the second-biggest cryptocurrency.

The non-profit organization behind the Ethereum blockchain said Friday that SharpLink Gaming Inc. acquired 10,000 Ether tokens for $25.7 million, or $2,572 apiece.

Consensys Chief Executive Officer Joseph Lubin - a key contributor to the development of Ethereum - serves as chairman of SharpLink. The firm calls itself the largest publicly-traded holder of Ether. Shares of ...