SharpLink Gaming, one of the largest corporate holders of Ether, has announced a buyback program of up to $1.5 billion. This move aims to enhance the value of the company's assets.
Objectives of the Buyback Program
SharpLink believes that buybacks will be more value-accretive when their stock price trades below the net asset value (NAV) of their ETH holdings. Currently, the company holds 740.8k ETH with a NAV of 1.06.
Mechanism and Conditions of the Program
The stock buyback program will support the market and optimize capital allocation. Shares may be repurchased through open market purchases, privately negotiated transactions, or other methods permitted under securities laws. The timing and amount of repurchase will depend on market conditions and stock price.
Financial Condition of SharpLink Gaming
SharpLink Gaming is currently valued at $2.51 billion, with shares trading at $20.01. Despite strong liquidity, the company reported a significant revenue decline in Q2 2025, totaling $700,000, down from $1 million the previous year.
SharpLink Gaming's stock buyback program emphasizes the company's confidence in its fundamentals and Ethereum as a key digital asset. This step may positively influence long-term shareholder value.
