SharpLink Unveils $1.5 Billion Stock Repurchase Plan

SharpLink Greenlights $1.5 Billion Stock Buyback Amid Market Uncertainty

August 22, 2026 — SharpLink Gaming (SBET), an ether treasury firm led by Ethereum co-founder Joseph Lubin, has authorized a share repurchase program valued at up to $1.5 billion.

The Minneapolis-based company announced on Friday that it will repurchase shares depending on market conditions and the stock’s price.

Co-CEO Joseph Chalom explained the rationale: “When our stock trades at or below the net asset value of our ETH holdings, issuing new shares risks diluting ETH value per share. In such cases, buying back shares is a more accretive strategy.”

SharpLink currently holds about 740,760 ETH, worth approximately $3.19 billion at current prices. The company is part of a broader trend among firms using ether treasury strategies to generate passive income through ETH staking.

Following the buyback announcement and a rally in Bitcoin after Federal Reserve Chair Jerome Powell hinted at a possible September rate cut, SharpLink’s shares jumped over 10% to $19.85 on Friday morning.