SharpLink begins utilizing its share buyback program

2025-09-09 21:28

SharpLink (NASDAQ:SBET) on Tuesday said it has begun utilizing its share buyback program, citing confidence in its long-term strategy and belief that its stock is significantly undervalued.
The company has repurchased approximately 939,000 shares at an average price of $15.98, and plans to continue buybacks based on market conditions, using cash on hand, staking revenue, or other financing options.
The company holds approximately $3.6 billion of ETH with no current outstanding debt. Nearly all of which is staked, and is generating material revenue for the Company.
The company reaffirmed that it has not used its At-the-Market (ATM) facility while trading below Net Asset Value (NAV), but may consider doing so in an accretive manner if market conditions improve.
“Maximizing stockholder value remains our top priority as we execute on our vision of being the most trusted ETH treasury company in the market,” SharpLink Co-Chief Executive Officer, Chalom, said in a statement.
SBET +2.93% premarket to $16.13.
Source: Press Release

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