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SharpLink Launches $1.5 Billion Share Repurchase Program for Ethereum Treasury

SharpLink Launches $1.5 Billion Share Repurchase Program for Ethereum Treasury

SharpLink Gaming expands its buyback program to nearly two million shares while deepening its Ethereum-focused treasury strategy, reinforcing its commitment to long-term digital asset adoption and shareholder value creation.

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Fact Check
The statement is strongly supported by the evidence. Source 2, titled 'SharpLink Bets Big With a $1.5 Billion Share Repurchase Gambit', explicitly confirms the program and the $1.5 billion figure. This is corroborated by numerous other sources, including official company press releases (Sources 4, 9) and financial news outlets (Sources 3, 7, 10), which confirm that SharpLink has pivoted to an Ethereum treasury strategy and is executing an ongoing share repurchase (buyback) program.
    Reference: 1
Summary

SharpLink Gaming Inc. confirmed the repurchase of 1 million additional shares at an average price of $16.67 under its ongoing $1.5 billion buyback program, bringing total repurchases to 1,938,450 shares since August 2025. According to the company’s official statement, management views buybacks as the best way to deliver shareholder value given current market conditions. As of September 14, SharpLink reported a net asset value of $3.86 billion, or $18.55 per diluted share, with no outstanding debt. The firm’s Ethereum holdings have grown to 838,152 coins, nearly all staked, generating 3,240 ETH in rewards over three months. Co-CEO Joseph Chalom reiterated that Ethereum remains central to SharpLink’s long-term vision, comparing its strategy to MicroStrategy’s Bitcoin accumulation, aiming to offer investors capital appreciation, staking yield, and ecosystem support.

Terms & Concepts
  • Ethereum Treasury: A reserve of Ethereum held by a company or institution, often used for strategic investments or balance sheet management.
  • Share Repurchase Program: A corporate action where a company buys back its own shares from the marketplace, typically to increase shareholder value and earnings per share.
  • Staking: The process of locking up cryptocurrency holdings, such as Ethereum, to support network operations and earn rewards.