SharpLink Announces $1.5 Billion Stock Buyback Initiative

SharpLink Authorizes $1.5 Billion Stock Buyback Program Amid Market Uncertainty

August 22, 2026 — Ether-focused treasury firm SharpLink Gaming (SBET) announced a new stock repurchase program authorized for up to $1.5 billion, signaling confidence in its underlying Ethereum holdings.

Led by Ethereum co-founder and ConsenSys CEO Joseph Lubin, SharpLink revealed on Friday that the timing and scale of the buybacks will be determined based on prevailing market conditions and the company’s share price.

Co-CEO Joseph Chalom explained the rationale behind the move, noting, “If our stock trades at or below the net asset value of our ETH holdings, issuing new equity could dilute the ETH per share value. In such cases, repurchasing our common stock may be a more accretive strategy.”

Based in Minneapolis, SharpLink holds approximately 740,760 ETH, valued at $3.19 billion at current market prices. The company is among several recent entrants employing ether treasury strategies designed to capitalize on passive yield generation through ETH staking.

Following the buyback announcement and a surge in Bitcoin prices driven by Federal Reserve Chair Jerome Powell’s indication of a possible September rate cut, SharpLink’s shares rose over 10% to $19.85 on Friday morning.

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