SharpLink Gaming’s stock surged over 15% after the company unveiled a flexible $1.5 billion stock buyback program anchored in its Ethereum treasury strategy.
Key Takeaways:
- ShaprLink’s board approved a $1.5 billion stock repurchase plan to boost ETH-per-share value amid rising Ethereum treasury holdings.
- The company has a total of approximately 740,760-740,800 ETH in holdings, valued from $3.14 billion to $3.2 billion.
- Shares made a significant increase over 15%, where SBET trades at around $20.87 as of writing, signaling investor optimism around its crypto investment framework.
Sharplink Gaming’s board approved the plan of a stock repurchase program of up to $1.5 billion, last Friday, August 22, 2025, allowing the company to buy back shares opportunistically through open-market purchases , privately negotiated deals, or other permitted methods. The firm also confirmed the buyback program on their recent report and post in X (formerly Twitter) on the same day of authorizing it. The decision aligns with the firm’s strategy to bolster shareholder value by reinforcing the Ethereum (ETH) backing per share.
Executives Defend Accretive Strategy
Co-CEO Joseph Chalom framed the move as a defensive yet tactical response to market dynamics. Issuing new equity when the stock trades at or below the net asset value (NAV) of its ETH holdings would dilute the ETH-per-share ratio. In such cases, equity repurchases are the more accretive alternative.
Chalom highlighted:
Should there exist periods where our stock trades at or below the net asset value (‘NAV’) of our ETH holdings, it would be dilutive on an ETH-per-share basis to issue new equity … In this scenario, the accretive course of action may be to repurchase our common stock.
Shares Surge as Investors React
As of writing, 9:00 AM UTC, Sharplink’s stock (NASDAQ: SBET) is trading at approximately $20.87 with a robust volume, recording a daily gain if roughly 15.69% while hitting intraday highs near $21.03 and lows around $18.25, according to the latest market statistics from TradingView.
Moreover, Ethereum’s recent rally also served as the catalyst to the noticeable gains of Sharplink’s stock, where ETH surged more than 13% in the 24 hours surrounding the announcement, until it reached its new all-time high of approximately $4,888 earlier yesterday. The token is currently trading at around $4,768 with a modest intraday loss of 0.2%.
Ethereum Treasury Sets SharpLink Apart
This announcement positions SharpLink as a pioneering model in crypto-integrated capital allocation. The company holds one of the largest institutional ETH treasuries which is around 740,760 to 740,800 ETH, valued between $3.14 billion and $3.2 billion.
By combining Ethereum’s gain potential with disciplined equity management, the firm creates a compounding effect, where staking boosts ETH reserves, while buybacks reduce share count, enhancing the ETH-per-share metric.
What’s Next
SharpLink’s $1.5 billion buyback plan emphasizes its long-term commitment to crypto investment and maximizing shareholder value through digital-asset integration. With shares already up more than 15%, the initiative paves the way for further institutional interest, especially if Ethereum sustains its bullish sentiment. Investors should watch for execution details of the buyback and Ethereum price shifts, which together will determine how effectively this dual-alpha strategy delivers on its promise.
Summary
SharpLink Gaming’s stock jumped over 15% after authorizing a $1.5B buyback program designed to enhance ETH‑per‑share by leveraging its sizable Ethereum treasury (~740,760–740,800 ETH, ~$3.14–$3.2B). Management framed repurchases as accretive when shares trade at or below NAV of ETH holdings, while real‑time action showed SBET ~$20.87 alongside a strong ETH backdrop (fresh ATH ~$4,888, now $4,768). The strategy positions SharpLink as a crypto‑integrated capital allocator, combining ETH upside with supply reduction to bolster shareholder value.
