Sharplink (NASDAQ: SBET) raises $75M, buys 10,000 ETH and repurchases stock
Rhea-AI Filing Summary
Sharplink, Inc. detailed recent capital moves centered on Ethereum and share repurchases. The company raised $75 million in a registered direct offering of common stock and warrants, then used part of the proceeds to buy 10,000 ETH for about $16.1 million at an average price of roughly $1,611 per ETH.
As of June 28, 2026, total ETH holdings were 886,725 ETH, including 632,719 native ETH, 181,299 ETH as-if redeemed from LsETH and 72,707 ETH as-if redeemed from weETH, most of which is deployed in staking. Under its 2025 share repurchase program of up to $1.5 billion, Sharplink repurchased 2,132,773 shares between June 24–26, 2026 at an average price of $4.69, bringing cumulative buybacks to 4,071,223 shares.
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Insights
Sharplink is scaling an ETH-heavy treasury while simultaneously buying back stock.
Sharplink reports total ETH holdings of 886,725 as of June 28, 2026, with 10,000 ETH recently acquired for about $16.1 million. Most ETH is staked, including through liquid staking structures like LsETH and weETH, which may enhance yield but add protocol and liquidity dependencies.
The company also completed a $75 million registered direct offering of common stock and warrants and is deploying capital into both ETH purchases and share repurchases. It authorized up to $1.5 billion for buybacks and has repurchased 4,071,223 shares so far, including 2,132,773 shares at $4.69 between June 24–26, 2026. Future filings will clarify how ETH price volatility, staking performance and ongoing buybacks influence earnings and book value.
8-K Event Classification
Key Figures
Key Terms
registered direct offering financial
staking financial
liquid staking financial
LsETH financial
forward-looking statements regulatory
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Item 7.01 Regulation FD Disclosure.
On June 30, 2026, Sharplink, Inc. (the “Company”) issued a press release announcing the Company’s ETH holdings to date, gross proceeds from the registered direct offering that closed on June 23, 2026 (the “Registered Direct”), and the utilization of its 2025 Share Repurchase Program as described herein. The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated into this item 7.01 by reference.
The information in this Item 7.01 of this Current Report on Form 8-K, including the information contained in Exhibit 99.1 is being furnished to the U.S. Securities and Exchange Commission, and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by a specific reference in such filing.
Item 8.01 Other Events.
Stock Repurchase Program
On August 21, 2025, the Board of Directors of the Company approved a share repurchase program (the “2025 Repurchase Program”) providing for the repurchase of up to $1.5 billion of the Company’s outstanding shares of common stock, par value $0.0001 per share (the “Common Stock”).
During the period from June 24, 2026 through June 26, 2026, the Company repurchased 2,132,773 shares of Common Stock at an average purchase price of $4.69 per share.
ETH Update
During the period from June 24, 2026 through June 26, 2026, the Company acquired 10,000 ETH for an aggregate purchase price of approximately $16.1 million (inclusive of fees and expenses) at a weighted average purchase price per ETH of $1,611.04 (inclusive of fees and expenses). The purchases were made using the proceeds the Company received from the Registered Direct as described herein.
The Company engages in staking activities with respect to its ETH (“ETH Holdings”). As of June 28, 2026, substantially all of the ETH Holdings were deployed in staking, including through liquid staking (“LsETH”). As of June 28, 2026, the Company’s aggregate ETH Holdings were 886,725 of which 632,719 of the total ETH Holdings are native ETH, 181,299 ETH as-if redeemed from LsETH and 72,707 ETH as-if redeemed from weETH.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |
| 99.1 | Press Release, dated June 30, 2026. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: June 30, 2026 | SHARPLINK, INC. |
| /s/ Joseph Chalom | |
| Joseph Chalom | |
| Chief Executive Officer |
Exhibit 99.1
Sharplink Acquires 10,000 ETH, Bringing Total ETH Holdings to 886,725; Repurchases Over 2.1 Million Shares of Common Stock
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.
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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
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