SharpLink Gaming, Inc. (SBET), one of the world’s largest public holders of Ethereum (ETH), announced that its board of directors has authorized a stock repurchase program of up to $1.5 billion in common stock. The move provides the company flexibility to repurchase shares in the open market, privately negotiated transactions, or other methods allowed under securities laws.
The buyback program is designed to optimize capital allocation, support market performance, and reinforce SharpLink’s long-term commitment to shareholder value. The company emphasized that repurchases may be made at times when shares trade below the net asset value of its ETH holdings, which could make buybacks an accretive use of capital.
Headquartered in Minneapolis, SharpLink has positioned itself uniquely in the gaming and digital assets space by adopting Ether as its primary treasury reserve asset. Beyond its ETH strategy, the company is advancing scalable solutions in online gaming, sports media, and technology designed to modernize the user experience.
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