SharpLink Gaming launches $1.5B buyback program to strengthen its Ethereum holdings
Sat Aug 23 2025 ▪ 6 min read ▪
Get informed ▪ Altcoins
SharpLink Gaming (SBET), listed on Nasdaq, has adopted a unique approach to maximize shareholder value through a recently approved buyback program. In a statement on Friday, the Minneapolis-based company outlined plans that would allow it to repurchase up to $1.5 billion in common stock to increase its Ethereum holdings.
In summary
SharpLink approves a buyback of up to $1.5 billion to enhance shareholder value backed by Ethereum.
The buyback aims to support NAV as SBET shares lag despite the ETH rally over $4,700.
The company now holds 740,000 ETH worth $3.5 billion after recent aggressive cryptocurrency purchases.
The buyback plan is flexible, with no obligations, and can be paused at any time.
Buybacks are considered while NAV diverges amid market volatility
SharpLink's co-CEO, Joseph Chalom, explained that this move is part of the company's structured approach to the capital markets. Although the budget for the program is nearly half of SharpLink's $3.5 billion valuation, Chalom noted that it would help in cases when the company's shares trade below their net asset value (NAV).
He also mentioned that issuing new shares when the stock price lags behind NAV would be counterproductive for shareholders, but repurchasing them could be beneficial.
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