SharpLink Authorizes $1.5B Stock Buyback Amid ETH Treasury Strategy
August 22, 2026 — SharpLink Gaming (SBET), a leading ether treasury firm co-led by Ethereum co-founder and ConsenSys CEO Joseph Lubin, has announced a stock repurchase program of up to $1.5 billion, aiming to strengthen shareholder value amid fluctuating market conditions.
In a Friday statement, the company said share repurchases will be made opportunistically, depending on market conditions and stock valuation.
Co-CEO Joseph Chalom noted:
“If our stock trades below the net asset value of our ETH holdings, issuing new equity could be dilutive. In that case, buybacks are a more accretive path.”
SharpLink currently holds 740,760 ETH, valued at approximately $3.19 billion, and has aligned itself with a growing number of firms leveraging ether treasury reserves to earn yield via ETH staking.
Shares of SharpLink surged over 10% to $19.85 on Friday morning, lifted by the buyback announcement and broader market optimism after Fed Chair Jerome Powell signaled a potential September rate cut, driving gains across crypto and equity markets.
