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SharpLink Expands Ethereum Treasury with $177 Million Purchase

SharpLink Expands Ethereum Treasury with $177 Million Purchase

SharpLink Gaming has repurchased nearly 2 million shares under its buyback program while expanding Ethereum holdings to over 838,000 coins, highlighting its dual focus on shareholder value and digital asset strategy.

ETH

Fact Check
The evidence strongly supports the statement. Source 12 (Moomoo) explicitly states that SharpLink Gaming sold assets with the intention of using the net proceeds of approximately $177 million to purchase ETH. Source 2 (The Coin Republic) corroborates this transaction. While other sources mention different purchase amounts, this is expected as part of an ongoing treasury strategy, and they collectively confirm that SharpLink is aggressively acquiring ETH for its treasury.
    Reference: 123
Summary

SharpLink Gaming announced the repurchase of 1 million shares of its common stock at an average price of $16.67, bringing total buybacks to 1,938,450 shares since late August 2025. According to the company’s official statement, its net asset value stands at $3.86 billion, or $18.55 per diluted share, with no outstanding debt. The firm also confirmed Ethereum holdings of 838,152 coins valued at $3.86 billion, nearly all of which are staked, generating 3,240 ETH in rewards since June. Co-CEO Joseph Chalom emphasized that Ethereum is viewed as the cornerstone of the digital asset economy and that buybacks and ETH accumulation are complementary to shareholder interests. SharpLink plans to continue buybacks using cash, staking revenue, or financing, positioning itself as a corporate leader in Ethereum adoption.

Terms & Concepts
  • Ethereum (ETH): A decentralized blockchain platform with its native cryptocurrency Ether, widely used for smart contracts and decentralized applications.
  • Staking: The process of locking up cryptocurrency holdings to support a blockchain network’s operations while earning rewards.
  • Crypto Treasury: Holdings of digital assets maintained by a company or institution as part of its balance sheet or investment strategy.