{"id":402796,"date":"2025-08-23T12:54:10","date_gmt":"2025-08-23T07:24:10","guid":{"rendered":"https:\/\/dripp.zone\/news\/ethereum-treasury-sharplink-to-buy-back-up-to-1-5-billion-in-stock-crypto-news\/"},"modified":"2025-08-23T13:08:34","modified_gmt":"2025-08-23T07:38:34","slug":"ethereum-treasury-sharplink-to-buy-back-up-to-1-5-billion-in-stock-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethereum-treasury-sharplink-to-buy-back-up-to-1-5-billion-in-stock-crypto-news\/","title":{"rendered":"Ethereum Treasury SharpLink to Buy Back Up to $1.5 Billion in Stock &#8211; Crypto News"},"content":{"rendered":"<div style=\"position:relative;overflow:visible;font-size:1.2em;line-height:1.58\">\n<div class=\"pt-8 pb-10 border-t border-b border-decryptGridline \">\n<h4 class=\"sc-b2a202e4-4 bNRGqr gg-dark:text-white\" color=\"#333\">In brief<\/h4>\n<ul>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">SharpLink Gaming unveiled $1.5 billion in potential stock buybacks.<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The company traded at a slight premium to its Ethereum holdings.<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">SharpLink\u2019s stock price surged more than 15% on Friday to $20.83.<\/li>\n<\/ul>\n<\/div>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">SharpLink Gaming can repurchase up to $1.5 billion worth of common stock under a newly authorized repurchase program, the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/resources\/what-is-ethereum-quickly-explained-four-minute-guide\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\">Ethereum<\/a> treasury firm said in a <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/investors.sharplink.com\/sharplink-authorizes-1-5-billion-stock-buyback-program\/\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">blog post<\/span><\/a><span style=\"font-weight:400\"> on Friday.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">With a market cap of $3.5 billion, that would be almost half of the company\u2019s value, but Co-Chief Executive Officer Joseph Chalom described the program as a potential resource for instances when the company\u2019s shares trade a discount to its Ethereum holdings.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">\u201cIn this scenario, the accretive course of action may be to repurchase our common stock,\u201d he said in a statement. \u201cThis program provides us with the flexibility to act quickly and decisively if those conditions present themselves.\u201d<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">SharpLink shares surged more than 15% on Friday to $20.87 amid a wider upturn in crypto-focused stocks, according to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/quote\/SBET\/\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\">Yahoo Finance<\/a>, as investors <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/336478\/crypto-booms-fed-dovish-ethereum-solana-dogecoin-price\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\">turned optimistic<\/a> about the prospects of an interest rate cut following remarks by U.S. central bank Chair Jerome Powell. But SharpLink\u2019s stock price has swooned 24% over the past month even as Ethereum has gained ground.\u00a0<\/span><\/p>\n<p><iframe loading=\"lazy\" style=\"border:0\" src=\"https:\/\/linea.myriadprotocol.com\/embed\/market\/will-sharplink-sbet-hold-1m-eth-by-september-16\" width=\"100%\" height=\"415px\"><span data-mce-type=\"bookmark\" style=\"width:0px;overflow:hidden;line-height:0\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Ethereum was recently changing hands at $4,813, jumping more than 13% over the past 24 hours, according to crypto data provider <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/ethereum\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\">CoinGecko<\/a>. Earlier Friday, ETH set <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/334851\/ethereum-hits-all-time-high-price-after-nearly-4-years\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\">a new record high of $4,879<\/a> before retreating. The asset\u2019s price has increased about 35% over the past month.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Like most crypto treasury firms, SharpLink seeks to maximize shareholder value by growing the amount of Ethereum it owns per fully diluted share. When SharpLink shares trade at a premium to its crypto holdings, it can issue common stock to increase that ratio.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Strategy, formerly MicroStrategy, has used the tactic for years, but its premium has been substantially greater and existed far longer. On Friday, SharpLink had a so-called mNAV of 1.08, reflecting a slight premium, according to <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.strategicethreserve.xyz\/\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">Ethereum Strategic Reserve<\/span><\/a><span style=\"font-weight:400\">.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">SharpLink owned 740,000 ETH worth over $3.5 billion, as of Friday. Its corporate stash was around half the size of BitMine Immersion Technologies\u2019, which owned 1.5 million ETH that were worth around $7.3 billion.\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">In the press release, SharpLink noted that the timing and amount of shares repurchased under its newly approved program will depend on market conditions. It\u2019s not obligated to purchase any shares whatsoever, and the initiative can be suspended at any time, it added.<\/span><\/p>\n<div class=\"my-4 border-b border-decryptGridline\">\n<div class=\"text-start p-8 md:py-12 md:px-12 max-w-prose relative\"><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute top-4 left-4 md:top-6 md:left-6\"\/><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute rotate-180 bottom-4 right-4 md:bottom-6 md:right-6\"\/><\/p>\n<h3 class=\"font-akzidenz-grotesk font-bold text-xl md:text-3xl md:text-center gg-dark:text-white\">Daily Debrief<!-- --> Newsletter<\/h3>\n<p>Start every day with the top news stories right now, plus original features, a podcast, videos and more.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In brief SharpLink Gaming unveiled $1.5 billion in potential stock buybacks. The company traded at a slight premium to its Ethereum holdings. SharpLink\u2019s stock price surged more than 15% on Friday to $20.83. SharpLink Gaming can repurchase up to $1.5 billion worth of common stock under a newly authorized repurchase program, the Ethereum treasury firm [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":402797,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-402796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/402796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=402796"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/402796\/revisions"}],"predecessor-version":[{"id":402798,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/402796\/revisions\/402798"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/402797"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=402796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=402796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=402796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}