SharpLink Approves $1.5 Billion Stock Buyback Program as Market Conditions Evolve
August 22, 2026 — SharpLink Gaming (SBET), the ether treasury firm headed by Ethereum co-founder Joseph Lubin, announced the authorization of a stock repurchase program valued at up to $1.5 billion.
In a statement released Friday, the Minneapolis-based company said it will determine the timing and volume of buybacks based on prevailing market dynamics and the price of its shares.
Co-CEO Joseph Chalom explained, “If our stock price falls at or below the net asset value of our ETH holdings, issuing new equity could dilute the ETH per share value. In such cases, repurchasing our common stock is a more accretive approach.”
SharpLink currently holds approximately 740,760 ETH, with a market value of $3.19 billion. The company joins a growing number of firms leveraging ether treasury strategies to earn passive yields through ETH staking.
Following the buyback announcement and a surge in Bitcoin triggered by Federal Reserve Chair Jerome Powell’s comments suggesting a possible rate cut in September, SharpLink’s shares rose more than 10% to $19.85 on Friday morning.
