SharpLink Repurchases 1 Million Shares as Ethereum Holdings Hit $3.86 Billion

- SharpLink Gaming repurchases 1 million shares at $16.67 each in ongoing stock buyback. - Company’s Ethereum treasury strategy yields $14.39 million in staking returns on 838,152 ETH. SharpLink Gaming, Inc. (Nasdaq: SBET) has implemented significant financial initiatives to strengthen its market position and shareholder confidence. On September 16, 2025, CoinDesk reported that the company repurchased 1 million shares of its common stock at an average price of $16.67 per share. This action is part of SharpLink’s ongoing stock buyback program, bringing the total shares repurchased in September to 1,938,450. The company used its available cash to fund the buybacks and confirmed it remains free of outstanding debt. In addition, SharpLink increased its Ethereum holdings to 838,152 ETH, valued at $3.86 billion. The company stakes nearly all of these holdings, generating approximately 3,240 ETH ($14.39 million) in returns. Since launching its Ethereum treasury strategy on June 2, SharpLink has realized over $717 million in unrealized profits from these holdings, and this strategic use of staked Ethereum positions the company as a prominent player leveraging blockchain technology for financial growth. The market has responded positively to SharpLink’s proactive financial actions. As a result, SBET stock has increased by 110% over the past year, significantly outperforming market and industry benchmarks. The company’s total net asset value now stands at $3.86 billion, which translates to $18.55 per fully diluted share and reflects strong shareholder confidence and growth potential. According to CoinMarketCap, as of 16:08 UTC on September 16, Ethereum (ETH) was trading at $4,464.35, with its 24-hour trading volume having declined by 0.43%.