SharpLink Gaming announced on August 22 that its board has approved a stock repurchase program of up to $1.5 billion. Can SBET break through its yearly high? (Background: SharpLink Gaming increased its holdings by 143,593 ETH, with a total holding exceeding 740,000; staking rewards rose to 1,388 ETH) (Supplementary background: Ethereum buying) SharpLink Gaming added 14,933 ETH, with on-chain whales spending $300 million in three days) SharpLink Gaming, a reserve company for Ethereum, announced on August 22 that its board has approved a stock repurchase program of up to $1.5 billion, aimed at supporting the company's stock price and optimizing capital allocation. In response, SharpLink's co-CEO Joseph Chalom stated: "At SharpLink, we are committed to executing a rigorous capital markets strategy. If our stock trades at or below the net asset value (NAV) of our ETH holdings, raising funds through issuing new shares will lead to dilution per share of ETH. In this case, repurchasing common stock may be a more value-adding course of action. This plan provides us with the flexibility to act swiftly and decisively when market conditions are appropriate." Additionally, in the announcement, SharpLink added that the stock repurchase program is intended to provide stronger support for the market, optimize capital allocation, and reinforce SharpLink's commitment to driving long-term sustainable shareholder value. The repurchase plan allows the company to buy back stocks through open market transactions, privately negotiated transactions, or other methods compliant with securities regulations. The specific timing and quantity of repurchases will depend on market conditions, stock price, trading volume, and other relevant factors. SharpLink Stock Performance This year, SharpLink Gaming is one of the largest corporate holders of Ethereum globally, holding 740,760 ETH as of August 17, 2025. So far this year, SharpLink Gaming's stock SBET has surged by 133%, with a market capitalization reaching $3.046 billion. However, compared to when it announced its Ethereum reserve strategy at the end of May this year, causing the stock price to spike to around $80, its current stock price of about $20 has still retraced significantly. Whether this stock repurchase plan can stimulate a price recovery is something we should keep an eye on. Image source: Google Finance Related Reports SharpLink Gaming bought out the entire monthly supply of Ethereum! $295 million added to 77,210 ETH, with holdings surpassing 438,000 SharpLink Gaming added 4,904 Ethereum, with a 'floating profit of $260 million,' has SBET nearly tripled this month? SharpLink Gaming spent $22.8 million to increase its Ethereum holdings to 200,000 ETH; has SBET rebounded? "SharpLink Gaming approved a $1.5 billion 'stock repurchase' plan; can SBET return to its yearly high?" This article was first published on BlockTempo (the most influential blockchain news media).

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