SharpLink Gaming’s $1.5 billion Buyback to Boost $3.14 billion Ether Holdings

- SharpLink Gaming to repurchase $1.5 billion in stock, boosting its Ether-per-share metric. - Ethereum-focused treasury strategy reinforces Ether as the company's primary reserve asset. On August 22, 2025, SharpLink Gaming, the second-largest corporate holder of Ether, announced that its board approved a $1.5 billion stock buyback program. This initiative aims to boost the company's Ether-per-share metric and reinforce its strategic alignment with the Ethereum ecosystem's growth. SharpLink's financial approach relies on its Ethereum-based treasury, which holds 740,800 ETH valued at $3.14 billion, cementing Ether as the company's primary reserve asset. In a statement to Cointelegraph on August 22, Co-CEO Joseph Chalom said the program grants the company flexibility, enabling SharpLink to "act quickly and decisively" by repurchasing shares when its stock trades below the net asset value of its Ether holdings. Although the company has not yet repurchased any shares, SharpLink expects the strategy to enhance shareholder value by optimizing the ETH-per-share ratio. SharpLink Gaming transitioned to an Ethereum-based treasury in late May, a move that followed the appointment of Ethereum co-founder Joseph Lubin as chairman of the board. This strategic pivot highlights the company's commitment to integrating its financial model with the Ethereum network's evolution, and as part of its long-term objectives, the company is prioritizing Ether accumulation and staking. According to CoinMarketCap on August 22, Ethereum (ETH) was trading at $4,632.67 at 15:15 UTC, a price that marked a 9.32% uptick in 24-hour trading volume.