Sharplink Acquires 10,000 ETH, Bringing Total ETH Holdings to 886,725; Repurchases Over 2.1 Million Shares of Common Stock

Rhea-AI Summary

Sharplink (Nasdaq: SBET) reported major capital actions for the week ending June 28, 2026. The company bought 10,000 ETH at an average price of $1,611, bringing total ETH holdings to 886,725, and repurchased 2,132,773 shares at $4.69 per share.

Sharplink also completed a $75 million registered direct offering of common stock and warrants and has repurchased 4,071,223 shares in total since launching its buyback program in August 2025. Management links all financing decisions to a long-term goal of increasing ETH per share.

Positive

• Total ETH holdings increased to 886,725 ETH after purchasing 10,000 ETH
• Repurchased 2,132,773 shares this week; 4,071,223 shares bought back since August 2025
• Raised $75 million via a registered direct offering of common stock and warrants
• Average ETH purchase price of about $1,611 per ETH for the 10,000 ETH acquired
• Average share repurchase price of $4.69 per share in the open market

Negative

• $75 million registered direct offering of common stock and warrants is dilutive to existing shareholders

News Market Reaction – SBET

-2.44%

10 alerts

-2.44% Session close to close

+2.6% Peak in 2 hr 23 min

$1.11B Market Cap

0.7x Rel. Volume

In the Jun 30 session, SBET declined 2.44%, reflecting a moderate negative market reaction. Argus tracked a peak move of +2.6% during that session. Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement combines a new 10,000 ETH purchase with buybacks of over 2.1 million shares, reinf...

Analysis

This announcement combines a new 10,000 ETH purchase with buybacks of over 2.1 million shares, reinforcing SBET’s ETH-per-share focus. History shows volatile reactions to ETH acquisitions, and elevated short interest remains a key risk to watch.

Key Figures

ETH purchased: 10,000 ETH Average ETH purchase price: $1,611 per ETH Total ETH holdings: 886,725 ETH +5 more

8 metrics

ETH purchased 10,000 ETH Bought at an average price of $1,611 per ETH

Average ETH purchase price $1,611 per ETH Latest 10,000 ETH treasury purchase

Total ETH holdings 886,725 ETH Treasury balance as of June 28, 2026

Shares repurchased (week) 2,132,773 shares Open-market buybacks at an average of $4.69 per share

Average buyback price $4.69 per share Price paid for 2,132,773 repurchased shares

Total shares repurchased 4,071,223 shares Cumulative buybacks since August 2025

Capital raised $75 million Registered direct offering of common stock and warrants

ETH composition 632,719 native; 181,299 LsETH; 72,707 weETH (as-if redeemed) Breakdown of 886,725 total ETH holdings as of June 28, 2026

Previous Crypto,acquisition Reports

1 past event · Latest: Jun 13 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 13	Large ETH acquisition	Positive	-71.7%	Company bought 176,271 ETH and adopted ETH-centered treasury reserve policy.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Prior large ETH-acquisition news for SBET saw a sharply negative one-day move despite a positive strategic tone.

Key Terms

ether, registered direct offering

2 terms

ether technical

"one of the world's largest corporate holders of Ether ("ETH")"

Ether is the native digital token used to power and pay for operations on the Ethereum blockchain, functioning like fuel that lets programs run and transactions be recorded. Investors watch ether because its price reflects demand for the Ethereum network (similar to how gasoline demand reflects driving activity): changes can signal broader interest in decentralized finance, smart contracts and crypto markets, and affect valuations of related investments.

registered direct offering regulatory

"Raised $75 million via a registered direct offering of common stock and warrants."

A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MIAMI, June 30, 2026 (GLOBE NEWSWIRE) -- Sharplink, Inc. (Nasdaq: SBET) ("Sharplink" or the "Company"), one of the world's largest corporate holders of Ether ("ETH") and a prominent industry advocate of Ethereum adoption, today announced the purchase of 10,000 ETH at an average price of $1,611 per ETH, bringing total ETH holdings¹ to 886,725. The Company also announced the repurchase of 2,132,773 shares of its common stock in the open market at an average purchase price of $4.69 per share in connection with its ongoing stock buyback program.

Key Company Highlights for the Week Ending June 28, 2026

• Raised $75 million via a registered direct offering of common stock and warrants.
• Bought 10,000 ETH at an average price of approximately $1,611 per ETH.
• Total ETH holdings¹ increased to 886,725.
• Repurchased 2,132,773 shares of common stock, bringing total to 4,071,223 shares repurchased since initiating its buyback program in August 2025.
  
  

The Company's ETH purchases reflect its continued commitment to growing its ETH treasury as a long-term reserve asset. Separately, pursuant to its ongoing stock buyback program, Sharplink has repurchased its common stock, which it believes is significantly undervalued.

"The successful completion of our $75 million registered direct offering last week has strengthened our balance sheet and provided the capital to support our active ETH treasury management strategy. Our capital allocation philosophy is disciplined and straightforward: every financing decision we make is based on our long-term objective to increase ETH per share,” stated Joseph Chalom, CEO of Sharplink.

¹ Total ETH holdings held as of June 28, 2026, were comprised of 632,719 native ETH, 181,299 ETH as-if redeemed from LsETH and 72,707 ETH as-if redeemed from weETH.

About Sharplink, Inc.

Sharplink is a leading institutional-grade Ethereum treasury platform designed to give public market investors smarter, more productive exposure to ETH. Ethereum underpins the majority of global stablecoin, tokenized real-world assets and decentralized finance settlement. Sharplink was founded in 2019 and is headquartered in Miami, Florida. 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, goals and expectations regarding the Company’s strategy and potential partnerships, and other statements accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words, but the absence of these words does not mean that a statement is not forward-looking. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the intended use of proceeds from our recent Offering; the potential use of the Company’s ATM facility; the Company’s ability to repurchase additional shares of its common stock under its stock repurchase program; the Company’s ability to achieve and sustain profitable operations; volatility in the market price of ETH and its resulting impact on the Company’s accounting and financial reporting; changes in government regulation of cryptocurrencies and online betting; changes in securities laws or other applicable regulations; fluctuations in customer demand and overall economic conditions; competitive pressures, including competing products, pricing, and sales cycles; the protection and enforcement of the Company’s proprietary rights; and other risks and uncertainties described 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 crypto 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, 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 the crypto assets below the cost value at which the Company’s crypto assets 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.

CONTACT:
Sharplink’s Investor Relations Contact:
Sean Mansouri, CFA or Aaron D’Souza | Elevate IR
Phone: (720) 330-2829
Email: ir@sharplink.com

Sharplink’s Media Contact:
Email: media@sharplink.com

FAQ

What did Sharplink (Nasdaq: SBET) announce about its ETH holdings on June 30, 2026?

Sharplink announced it bought 10,000 ETH at an average price of about $1,611, lifting total ETH holdings to 886,725. According to Sharplink, these purchases support its strategy of using ETH as a long-term reserve asset within its treasury.

How many Sharplink (SBET) shares have been repurchased under the buyback program by June 28, 2026?

Sharplink repurchased 2,132,773 shares during the week, bringing total buybacks to 4,071,223 shares since August 2025. According to Sharplink, purchases were made in the open market at an average price of $4.69 per share under its ongoing stock buyback program.

What are the details of Sharplink's $75 million registered direct offering announced in June 2026?

Sharplink raised $75 million through a registered direct offering of common stock and warrants completed the prior week. According to Sharplink, the proceeds strengthen its balance sheet and provide capital to support its active ETH treasury management and broader capital allocation strategy.

How does Sharplink describe its capital allocation and ETH treasury strategy for SBET investors?

Sharplink describes its capital allocation philosophy as disciplined and focused on increasing ETH per share over time. According to Sharplink, the company uses financing decisions, including equity offerings and buybacks, to support an active ETH treasury management strategy and long-term reserve asset approach.

What does Sharplink’s focus on increasing ETH per share imply for SBET shareholders?

Sharplink’s stated objective is to base financing decisions on a long-term goal of increasing ETH per share. According to Sharplink, actions such as ETH purchases, stock buybacks, and capital raises are evaluated in terms of their impact on per-share ETH exposure.

How is Sharplink’s ETH position composed as of June 28, 2026?

Sharplink’s 886,725 ETH holdings include 632,719 native ETH, 181,299 ETH as-if redeemed from LsETH, and 72,707 ETH as-if redeemed from weETH. According to Sharplink, these amounts reflect the company’s aggregated Ether exposure across different forms of ETH-related assets.