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SharpLink Authorizes $1.5B Stock Buyback

The ETH treasury firm's stock is up nearly 12% following the news.
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Aug 22, 2025 • 1 min read

SharpLink Gaming approved a stock repurchase program of up to $1.5B, positioning itself to buy back shares when trading below the net asset value (NAV) of its ether holdings.

What’s the Scoop?

  • Capital strategy: Co-CEO Joseph Chalom said buybacks help preserve the company’s “ether per share” metric, avoiding dilution when shares trade under NAV.
  • ETH treasury: SharpLink holds 740,760 ETH, worth about $3.6B, and trades at a market capitalization of $3.5B.
  • Treasury trend: The top five public Ethereum treasury companies hold more than $13B in ETH combines, with top holder BitMine holding $7B alone.

Bankless Take:

Crypto treasury companies trading may experience difficulties raising funds when trading at discounts to NAV, and at last week's end, SharpLink held just $84M of cash on hand. Although the firm has authorized a sizable buybacks, it is unclear whether SharpLink can execute on the program.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

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