SharpLink Launches $1.5B Buyback as ETH Holdings Reach $3.6B with Zero Debt

SharpLink Gaming authorized a $1.5 billion stock repurchase program to enhance capital allocation, strengthen shareholder value, and support stock performance effectively.

The company increased Ethereum holdings to 837,230 tokens worth over $3.6 billion, with nearly all assets staked for revenue generation.

SharpLink earned 2,318 ETH in staking rewards since June, boosted ETH concentration to 3.94, and maintained cash reserves of $71.6 million.

SharpLink Gaming has launched a $1.5 billion stock repurchase program while expanding its Ethereum holdings to over $3.6 billion in value.

$1.5 Billion Buyback Authorization

SharpLink Gaming, Inc. (Nasdaq: SBET) confirmed that its board approved a stock repurchase program of up to $1.5 billion. The company stated that this initiative is intended to strengthen capital allocation and provide support to its stock performance.

“At SharpLink, we remain committed to a disciplined capital markets strategy,” said Joseph Chalom, Co-Chief Executive Officer of SharpLink. “Should our stock trade at or below the net asset value of our ETH holdings, issuing equity would be dilutive. In that scenario, repurchasing common stock may be the most accretive option.”

The repurchase program gives the company flexibility to execute open market purchases, private deals, or other methods permitted by law. SharpLink also noted that the timing of transactions would depend on share price, trading volume, and overall market dynamics.

Ethereum Holdings and Treasury Strategy

SharpLink is recognized as one of the largest corporate holders of Ether. The company confirmed that nearly all of its ETH reserves are staked for revenue generation, with zero debt on its balance sheet.

In its latest update, SharpLink reported ETH holdings of 837,230 tokens, valued at more than $3.6 billion. The company achieved these reserves by systematically increasing purchases since initiating its treasury strategy on June 2, 2025.

“SharpLink continues to execute our treasury strategy with precision, successfully growing our ETH holdings and consistently earning staking rewards,” added Chalom. “We remain opportunistic in our capital raising initiatives and will continue to monitor market conditions closely.”

Staking Rewards and Capital Position

The company’s focus on staking has already delivered 2,318 ETH in rewards since the program began earlier this year. This approach strengthens its treasury performance while reinforcing its position as an advocate for Ethereum adoption.

SharpLink also stated that its ETH concentration ratio rose to 3.94, marking a 97% increase since June. This measure reflects the depth of Ethereum in its balance sheet compared to other assets.

Additionally, SharpLink reported cash and equivalents totaling approximately $71.6 million, providing liquidity alongside its Ethereum treasury. The company highlighted its commitment to continuing disciplined market participation to preserve shareholder value.

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