SharpLink Launches $1.5 Billion Stock Buyback Program Amid Favorable Market Conditions
August 22, 2026 — SharpLink Gaming (SBET), an ether treasury-focused company led by Ethereum co-founder Joseph Lubin, has approved a stock repurchase program valued at up to $1.5 billion.
The Minneapolis-based firm announced Friday that it will execute share buybacks opportunistically, depending on market conditions and the price of its stock.
Co-CEO Joseph Chalom highlighted the strategy behind the repurchase: “If our stock trades at or below the net asset value of our ETH holdings, issuing new shares could dilute the ETH value per share. In such circumstances, buying back our stock is a more beneficial move.”
SharpLink currently holds around 740,760 ETH, worth approximately $3.19 billion at current prices. The company is part of a growing trend of firms adopting ether treasury strategies to generate passive income through ETH staking.
Following the announcement and a Bitcoin rally sparked by Fed Chair Jerome Powell’s comments hinting at a September rate cut, SharpLink’s shares jumped over 10% to trade at $19.85 on Friday morning.
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