Share this article
SharpLink to Commence $1.5B Stock Buyback Program
SharpLink said it will make the repurchases at a time and in amounts depending on the market conditions and share price.
Aug 22, 2025, 2:25 p.m.
Make us preferred on Google
What to know:
- SharpLink Gaming has authorized a stock purchase program of up to $1.5 billion.
- The Minneapolis-based company holds 740,760 ETH, worth $3.19 billion at current prices.
Ether treasury firm SharpLink Gaming (SBET) has authorized a stock purchase program of up to $1.5 billion.
SharpLink, which is helmed by Ethereum co-founder and ConsenSys CEO Joseph Lubin, said it will make the repurchases at a time and in amounts that depend on market conditions and share price in an announcement on Friday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"Should there exist periods where our stock trades at or below the net asset value of our ETH holdings, it would be dilutive on an ETH per share basis to issue new equity through our capital raising efforts," co-CEO Joseph Chalom said in the announcement.
"In this scenario, the accretive course of action may be to repurchase our common stock."
The Minneapolis-based company holds 740,760 ETH, worth $3.19 billion at current prices. Numerous companies have unveiled ether treasury strategies in recent months to capture the upside from generating passive yield through ETH staking.
SharpLink shares traded over 10% higher at $19.85 on Friday morning following the buyback program announcement and as bitcoin surged after Fed Chair Jerome Powell's comments opened the door to a September rate cut.
Read more: Powell Puts September Rate Cut in Play; Bitcoin Pushes Higher
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Gold's six-month rally versus bitcoin shows similarities to the 2019 cycle
The bitcoin-to-gold ratio rebounded from recent lows, mirroring a pattern seen in the 2019-2020.
What to know:
- Bitcoin is on track for a sixth consecutive red monthly candle against gold, a pattern last seen in 2019/20.
- The bitcoin-to-gold ratio has rebounded to around 16.3 after briefly falling to 15.5 as gold and silver declined more sharply than bitcoin over the past 24 hours.
- A potential bottom in the ratio would not necessarily signal bitcoin strength, but could instead reflect continued underperformance in gold relative to bitcoin
