SharpLink Expands Buyback to 1.94M Shares, Holds ETH Worth $3.86B
SharpLink Gaming Inc., one of many world’s largest company holders of Ethereum, has introduced the repurchase of 1 million shares of its widespread inventory.
The shares have been purchased at a mean value of $16.67 as a part of the company’s ongoing buyback program, launched in late August 2025.
Buyback Momentum Builds
The newest buy brings SharpLink’s cumulative repurchases to 1,938,450 shares because the program started earlier this month.
Executives say the choice displays their view that SharpLink inventory stays undervalued and that buybacks characterize the most effective technique of delivering worth to shareholders in present market circumstances.
As of September 14, 2025, the corporate reported a internet asset worth (NAV) of $3.86 billion, or roughly $18.55 per absolutely diluted share, and confirmed it had no excellent debt obligations.
Ethereum Strategy Deepens
SharpLink’s stability sheet is more and more outlined by Ethereum. Since adopting a dedicated treasury strategy on June 2, the corporate’s whole ETH holdings have grown to 838,152 cash, now valued at $3.86 billion. Nearly all of these belongings are staked, producing regular income.
Cumulative staking rewards have reached 3,240 ETH in simply over three months, whereas SharpLink’s ETH focus ratio has climbed to 3.97—a 98% bounce since June. Management stated that the rising focus demonstrates the corporate’s conviction in Ethereum’s position on the middle of the digital asset economic system.
“Ethereum Is the Cornerstone”
Joseph Chalom, co-CEO of SharpLink, shares the long-term vision underpinning the strategy. He explains that inventory buybacks and ETH accumulation stay complementary targets:
“Ethereum is quickly rising because the cornerstone of the digital asset economic system, with momentum accelerating as establishments announce tokenization throughout shares and funds, regulators present higher readability throughout world markets, and central banks put together for relieving financial coverage,” Chalom stated.
“By increasing our ETH focus, we’re reinforcing our dedication to align the long-term pursuits of SharpLink, Ethereum, and our shareholders, whereas showcasing how digital belongings might be responsibly and strategically deployed to drive significant worth creation,” provides Chalom.
Outlook
SharpLink expects to proceed repurchasing shares, funded by money readily available, income from staking actions, or various types of financing, relying on market circumstances.
With ETH holdings approaching $4 billion and shareholder returns entrance and middle, the corporate is positioning itself as a bellwether for company digital asset adoption.
The ‘MicroStrategy of Ethereum’
SharpLink has been in contrast to Michael Saylor’s MicroStrategy, which famously amassed billions of {dollars} in Bitcoin. This comparability has adopted SharpLink because it started deploying its capital into ETH.
“Saylor has demonstrated that over a multi-year interval, you possibly can have a public firm that buys a crypto asset and that firm can commerce at a premium in worth,” Chalom told Cryptonews in an interview.
“We are attempting to do a really comparable factor with Ethereum, which is to be a public treasury, elevate capital from buyers, purchase Ethereum, and permit buyers to take part in three issues: capital appreciation, staking yield, and supporting the ecosystem,” Chalom stated.
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