SharpLink Activates $1.5B Share Buyback
• SharpLink Gaming (Nasdaq: SBET) has officially begun deploying its authorized $1.5 billion share repurchase program, repurchasing about 939,000 shares at roughly $15.98 each in the initial tranche (~$15 M spent) as trading remains below net asset value (NAV).
• Management says buybacks are “immediately accretive” to shareholders when the stock trades at a discount to the value of underlying assets.
Ethereum Treasury & Staking Position
• SharpLink’s treasury holds roughly $3.6 billion worth of Ethereum (~837,000 ETH), and nearly all of that ETH is staked, generating yield for the company.
• The firm has zero outstanding debt, giving it flexibility to fund buybacks through staking revenue and existing reserves without borrowing.
• Nearly 100 % of the ETH is staked or deployed into productive staking strategies rather than sitting idle, underpinning the company’s balance-sheet strength.
CoinMarketCap +1
• SBET stock saw a modest uptick after the announcement, reflecting investor support for the buyback strategy amid undervaluation relative to NAV.
• SharpLink emphasizes disciplined capital allocation and preserving ETH per share by avoiding equity issuance while trading below NAV.
