SharpLink Begins Utilizing its Share Buyback Program and Reaffirms Commitment to Long-Term Stockholder Value
SharpLink Gaming (Nasdaq: SBET) has initiated its share buyback program, demonstrating confidence in its long-term strategy. The company has already repurchased 939,000 shares at an average price of $15.98. As one of the world's largest corporate Ether holders, SharpLink maintains a strong financial position with $3.6 billion in ETH assets, nearly 100% of which is staked, generating material revenue.
The company operates with zero debt and has refrained from using its At-the-Market (ATM) facility while trading below Net Asset Value (NAV) to avoid dilution. SharpLink plans to continue share repurchases based on market conditions using available cash resources.
SharpLink Gaming (Nasdaq: SBET) ha avviato il programma di riacquisto azioni, segnalando fiducia nella sua strategia a lungo termine. La società ha già riacquistato 939.000 azioni a un prezzo medio di $15,98. Come uno dei maggiori detentori aziendali di Ether al mondo, SharpLink mantiene una solida posizione finanziaria con $3,6 miliardi in asset ETH, quasi il 100% dei quali è in staking e genera ricavi significativi.
La società opera con zero debiti e ha evitato di utilizzare la propria linea At-the-Market (ATM) mentre il titolo quotava sotto il valore patrimoniale netto (NAV) per non diluire gli azionisti. SharpLink intende proseguire i riacquisti di azioni in base alle condizioni di mercato impiegando le risorse liquide disponibili.
SharpLink Gaming (Nasdaq: SBET) ha puesto en marcha su programa de recompra de acciones, mostrando confianza en su estrategia a largo plazo. La compañía ya ha recomprado 939.000 acciones a un precio medio de $15,98. Como uno de los mayores tenedores corporativos de Ether del mundo, SharpLink mantiene una sólida posición financiera con $3.600 millones en activos ETH, casi el 100% de los cuales está en staking y genera ingresos importantes.
La empresa opera con cero deuda y ha evitado usar su facilidad At-the-Market (ATM) mientras cotizaba por debajo del valor patrimonial neto (NAV) para evitar dilución. SharpLink planea continuar las recompras de acciones según las condiciones del mercado utilizando recursos de efectivo disponibles.
SharpLink Gaming (Nasdaq: SBET)는 자사주 매입 프로그램을 시작하여 장기 전략에 대한 자신감을 나타냈습니다. 회사는 이미 평균 가격 $15.98에 939,000주를 재매입했습니다. 전 세계에서 가장 큰 기업 보유 이더(ETH) 보유자 중 하나로서 SharpLink는 $36억 규모의 ETH 자산을 보유하고 있으며, 그 거의 100%가 스테이킹되어 상당한 수익을 창출하고 있습니다.
회사는 무차입(부채 없음)으로 운영되며 순자산가치(NAV) 이하에서 거래될 때 희석을 피하기 위해 At-the-Market(ATM) 시설 사용을 자제해왔습니다. SharpLink는 사용 가능한 현금 자원을 활용해 시장 상황에 따라 자사주 매입을 계속할 계획입니다.
SharpLink Gaming (Nasdaq: SBET) a lancé son programme de rachat d'actions, montrant sa confiance dans la stratégie à long terme. La société a déjà racheté 939 000 actions à un prix moyen de 15,98 $. En tant que l'un des plus grands détenteurs d'Ether au niveau corporatif, SharpLink affiche une solide situation financière avec 3,6 milliards de dollars d'actifs ETH, presque 100 % étant en staking et générant des revenus significatifs.
La société fonctionne sans aucune dette et a évité d'utiliser sa facilité At-the-Market (ATM) alors que l'action se négociait en dessous de la valeur nette d'inventaire (NAV) pour éviter la dilution. SharpLink prévoit de poursuivre les rachats d'actions en fonction des conditions de marché en utilisant les liquidités disponibles.
SharpLink Gaming (Nasdaq: SBET) hat sein Aktienrückkaufprogramm gestartet und damit Vertrauen in seine langfristige Strategie gezeigt. Das Unternehmen hat bereits 939.000 Aktien zum Durchschnittspreis von $15,98 zurückgekauft. Als einer der weltweit größten Unternehmensinhaber von Ether hält SharpLink eine starke Finanzposition mit $3,6 Milliarden an ETH-Vermögenswerten, von denen nahezu 100 % gestaket sind und erhebliche Erträge erzeugen.
Das Unternehmen arbeitet mit Null Schulden und hat seine At-the-Market-(ATM)-Facility nicht genutzt, während die Aktie unter dem Nettoinventarwert (NAV) gehandelt wurde, um Verwässerung zu vermeiden. SharpLink plant, je nach Marktbedingungen weiterhin Aktienrückkäufe mit verfügbaren Barmitteln durchzuführen.
- Strong balance sheet with $3.6 billion in ETH assets and zero debt
- Nearly 100% of ETH holdings are staked, generating material revenue
- Initiated share buyback with 939,000 shares repurchased at $15.98 average
- Company trading below Net Asset Value, making buybacks immediately accretive
- Demonstrated commitment to avoid dilution by not utilizing ATM facility while below NAV
- Stock currently trading below Net Asset Value, indicating market undervaluation
- Potential future use of ATM facility could lead to dilution if market conditions change
Insights
SharpLink's share buyback of 939,000 shares signals confidence, leveraging its strong $3.6B ETH position while trading below NAV.
SharpLink's initiation of its share buyback program represents a strategically sound capital allocation decision. The company has repurchased
What makes this situation unique is that nearly
The decision to avoid utilizing the At-the-Market (ATM) facility while trading below NAV demonstrates disciplined financial management. Issuing shares below NAV would dilute existing shareholders' claim on the ETH treasury on a per-share basis. Instead, the buyback effectively concentrates ownership of the ETH treasury among fewer shares, increasing the ETH-per-share ratio for remaining stockholders.
This capital allocation strategy signals management's confidence in the company's long-term prospects and creates a floor for the share price, as continued repurchases at these levels represent an arbitrage opportunity between market price and underlying asset value.
MINNEAPOLIS, MN, Sept. 09, 2025 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (Nasdaq: SBET) (“SharpLink” or the “Company”), one of the world’s largest corporate holders of Ether (“ETH”) and prominent industry advocate of Ethereum adoption, today announced it has begun to utilize its share buyback program to drive long-term stockholder value.
The Company believes its common stock is significantly undervalued in the market and believes buybacks represent a compelling investment that underscores confidence in its long-term strategy and growth prospects. SharpLink today stands in a position of strength — holding approximately
While the Company trades below its Net Asset Value (“NAV”), stock repurchases are immediately accretive to stockholders. To demonstrate its commitment, the Company began utilizing its share buyback program, starting with the repurchase of approximately 939,000 shares of its common stock at an average price of
SharpLink also reaffirms that it has not utilized its At-the-Market (“ATM”) facility while trading below NAV, as doing so would be dilutive on an ETH per share basis. If market conditions change, however, the Company reserves the right to utilize the ATM facility in an accretive manner for the stockholders.
“Maximizing stockholder value remains our top priority as we execute on our vision of being the most trusted ETH treasury company in the market,” said Joseph Chalom, Co-Chief Executive Officer of SharpLink. “With a robust balance sheet, zero debt and a powerful ETH treasury generating income, we are in a position of strength. We believe the market currently undervalues our business, and rather than issue equity while trading below NAV, we are focused on disciplined capital allocation — including share repurchases — to increase stockholder value. We continue to be focused on the long-term Ethereum opportunity, and our strategy reflects that.”
About SharpLink Gaming, Inc.
Headquartered in Minneapolis, Minnesota, SharpLink Gaming, Inc. (Nasdaq: SBET) is one of the world’s largest publicly traded companies to adopt ETH as its primary treasury reserve asset – a move that aligns the Company with the future of digital capital and gives investors direct exposure to Ethereum, the world’s leading smart-contract platform and second largest digital asset.
To enhance transparency and investor engagement, SharpLink launched a dynamic ETH dashboard, which includes information regarding market data for the Company and Ethereum, ETH Concentration, basic mNAV, and other relevant metrics related to its ETH treasury.
SharpLink is also reimagining the future of online gaming. Backed by a veteran team with deep roots in sports media, gaming and technology, SharpLink is charting a new course – building scalable, secure and transparent solutions that challenge outdated models and bring real innovation to the user experience. Learn more at www.sharplink.com.
Forward-Looking Statement
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and these forward-looking statements are subject to various risks and uncertainties. Such statements include, but are not limited to, the execution of the Company’s treasury strategy and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to repurchase shares of SharpLink’s common stock, if any, in the open market through its stock repurchase program, potential use of the Company’s ATM facility, the Company’s ability to achieve profitable operations, fluctuations in the market price of ETH that will impact the Company’s accounting and financial reporting (see accounting rules discussed below), government regulation of cryptocurrencies and online betting, changes in securities laws or regulations, customer acceptance of new products and services, the demand for its products and its customers’ economic condition, the impact of competitive products and pricing, the lengthy sales cycle, proprietary rights of the Company, changes in applicable laws or regulations, and its competitors, general economic conditions and other risk factors detailed in the Company’s annual report and other filings with the SEC. Under U.S. generally accepted accounting principles, entities are generally required to measure certain digital intangible assets at fair value, with changes reflected in net income each reporting period. Changes in the fair value of crypto assets could result in significant fluctuations to the balance sheet and income statement results. Additionally, for other certain types of crypto assets that are not considered digital intangible assets, the Company uses the historical costs less impairment model. This model may require the Company to record an associated impairment charge reflected in net income as a result of a decrease in the market price of ETH below the cost value at which the Company’s ETH are carried on its balance sheet. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company does not undertake any responsibility to update the forward-looking statements in this press release.
Investor Relations Contact
Sean Mansouri, CFA or Aaron D’Souza
Elevate IR
(720) 330-2829
ir@sharplink.com
Media Contact:
media@sharplink.com
FAQ
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