SharpLink Gaming has begun its $1.5 billion stock buyback, purchasing $15 million of SBET shares (≈930,000 shares at $15.98) as part of a repurchase program designed to boost shareholder value while leveraging a large ETH treasury and a zero-debt balance sheet.
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Program start: SharpLink executed an initial $15M buyback under a $1.5B authorization.
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Holdings scale: The firm holds 837,230 ETH (approx. $3.6B) and stakes most ETH to generate revenue.
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Market disparity: SBET market cap (~$3.14B) trails treasury valuation; shares rose ~4.6% after the buyback.
SharpLink Gaming buyback: SharpLink begins $1.5B repurchase program with $15M SBET buyback—see details, impact on ETH treasury and shareholder value. Read more.
What is SharpLink Gaming’s buyback program?
SharpLink Gaming’s buyback is a $1.5 billion authorized repurchase program that the company initiated by buying $15 million in SBET common shares. The program aims to increase shareholder value by repurchasing shares while the firm maintains a large, income-generating Ethereum treasury and zero debt.
How much stock did SharpLink repurchase and at what price?
The company repurchased approximately 930,000 common shares for about $15 million at an average price of $15.98 per share. Shares traded up roughly 4.6% on the day of the announcement and changed hands near $16.40 following the disclosure.
SharpLink authorized the repurchase in August and completed this first tranche in early execution of the plan. The move is part of a disciplined capital allocation strategy aimed at maximizing stockholder value.
Why is SharpLink repurchasing shares now?
SharpLink’s management says the market is undervaluing the business versus its ETH treasury. With a robust balance sheet and no debt, the firm chose repurchases over issuing equity while trading below net asset value (NAV). Co-CEO Joseph Chalom said the move is aimed at disciplined capital allocation to increase stockholder value.
How large is SharpLink’s Ethereum treasury?
SharpLink holds 837,230 ETH, valued at roughly $3.6 billion based on prevailing prices. Despite this large treasury, SBET’s market capitalization stands around $3.14 billion (data reported by Yahoo Finance), creating a valuation gap management deems accretive to address via buybacks.
Frequently Asked Questions
How will the buyback affect SBET shareholders?
Buybacks can reduce diluted share counts and send a signal of management confidence, potentially supporting price appreciation. SharpLink’s initial $15M purchase led to a ~4.6% intraday lift in SBET shares.
Will SharpLink continue staking Ethereum?
Yes. SharpLink stakes nearly all of its Ethereum to generate income and has recently expanded ETH holdings, adding over $176 million in ETH last week to bolster its treasury position.
Key Takeaways
- Immediate action: SharpLink started a $1.5B repurchase plan with a $15M initial buy.
- Treasury scale: The company holds roughly 837,230 ETH (≈$3.6B), providing financial flexibility.
- Strategic rationale: Management prefers buybacks over equity issuance when trading below NAV to enhance shareholder value.
Conclusion
SharpLink Gaming’s initial $15 million SBET repurchase launches a broader $1.5 billion program intended to align capital allocation with shareholder interests. With a sizable, income-generating ETH treasury and no debt, the company is positioning repurchases as a way to capture perceived undervaluation. Watch for further buyback tranches and treasury management updates.
Published: 2025-09-09 • Updated: 2025-09-09 • Author: COINOTAG
