SharpLink acquired a batch of 1,000,000 shares as part of an authorized buyback program of 1.5 billion dollars. In parallel, the company maintains a treasury in Ethereum valued at 3.8 billion dollars, equivalent to 838,152 ETH, according to reports cited by financial media and specialized analyses in the crypto and stock sectors.
Key buyback and ETH treasury details
Since August 2025, SharpLink has repurchased 1,938,450 shares, including the most recent batch of 1,000,000 shares at an average price close to 16.67 dollars per share, as part of its 1.5 billion dollar plan.
The company’s strategy combines buying and staking Ethereum, holding a significant portion of its capital in ETH and using staking to generate regular income. This turns SharpLink into a kind of Ethereum “wrapper” for shareholders, a vehicle that allows direct stock market exposure to the Ethereum ecosystem.
The ETH portfolio amounts to 3.8 billion dollars (838,152 ETH), according to the cited sources and estimates reflecting sustained growth in digital asset accumulation.
Implications and risks
The immediate impact is twofold:
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The buyback reduces the number of shares outstanding, which could support the stock price if demand remains strong.
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Exposure to Ethereum means a direct dependency on the crypto market, as both the treasury’s valuation and staking income depend on the performance of ETH.
The cited analysts project higher price targets, though they warn of a history of weak operating results, compliance issues with the stock market, and larger losses in previous periods that could limit the expected growth speed.
The ETH treasury offers benefits but also increases exposure to volatility. A reported example suggests that with a 10% annual staking return, income could reach 370 million dollars from a balance of 3.7–3.8 billion in ETH. These funds could be allocated to new share repurchases, further strategic acquisitions, or international expansion in blockchain-related sectors.
Events to watch
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New buyback rounds.
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Possible additional ETH purchases.
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Changes in the management team.
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Ethereum price evolution and regulatory communications regarding the company’s oversight.
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Strategic decisions linked to integrating digital assets into traditional finance.
SharpLink has authorized a 1.5 billion dollar buyback program and has already completed the purchase of 1,000,000 shares, while its treasury in Ethereum totals 3.8 billion dollars (838,152 ETH), further solidifying a hybrid positioning between capital markets and crypto assets.
