SharpLink Gaming Greenlights Massive $1.5B Buyback Fueled by $3.2B ETH Treasury

Gaming giant makes unprecedented crypto-powered move

SharpLink Gaming just dropped a bombshell—approving a staggering $1.5 billion stock buyback program entirely backed by their $3.2 billion Ethereum treasury. This isn't just corporate maneuvering; it's a full-throated endorsement of crypto as a legitimate reserve asset.

ETH as collateral changes everything

Forget traditional cash reserves—SharpLink's putting their ETH holdings to work in ways that would make legacy finance executives blush. The move signals confidence not just in their own stock, but in Ethereum's long-term value proposition. They're effectively betting that their digital assets will outperform their own shares.

The new playbook for corporate treasury management

While traditional companies park cash in low-yield bonds, SharpLink's leveraging their crypto war chest to aggressively support shareholder value. It's a bold strategy that could rewrite how tech companies manage their balance sheets—assuming regulators don't throw a fit about using 'volatile' assets as collateral.

Because nothing says financial stability like backing billion-dollar moves with digital assets that might moon or crash based on a tweet.

The repurchase procedure

The company says that the stock buyback program will provide support to the market, optimize capital allocation, and reinforce its long-term commitment to driving stockholder value.

The company revealed that repurchases may be made through open market purchases, privately negotiated transactions, or other means permitted under applicable securities laws. Repurchase timing and amount will depend on market conditions, share price, trading volume, and other factors. 

This means it is not obligated to repurchase any specific number of shares, and the program may be suspended or discontinued at any time.

Stock buyback program to support ETH

SharpLink’s capital strategy is deeply tied to its ethereum reserves. The company is one of the few publicly traded firms that holds ETH as its primary treasury reserve asset. Therefore, the program shows confidence in the basics of the company and in Ethereum as a main digital asset.

By using an ETH reserve approach along with one of the most ambitious stock buyback plans in the gaming industry, SharpLink wants to show that it is dedicated to creating long-term value. The program shows confidence in the basics of the company and in Ethereum as a main digital asset. 

Its choice to spend up to $1.5 billion on stock repurchases will help its stock in the short term. In addition, it shows that it wants to match shareholder returns with the growth of Ethereum as a global financial infrastructure.

Although buybacks don’t buy ETH, there is a more indirect effect on the coin. It will strengthen ETH’s institutional adoption narrative, but doesn’t push ETH price the same way. It can also attract new customers who want ETH exposure through stocks.

Meanwhile, the effects are already reflecting on both ETH and SBET shares. ETH is up 9% currently trading at $4,636. On the other hand, SBET shares have also surged by 10. 

Sharplinks’ revenue decline in Q2

SharpLink Gaming is currently valued at $2.51 billion with shares trading at $20.01. Data shows that the company maintains strong liquidity with a current ratio of 6.83, though its overall financial health score indicates potential risks. The stock has also shown remarkable momentum with a 237% gain over the past six months.

However, the company reported a major decline in revenue in the second quarter of 2025, from $1,000,000 a year earlier to $700,000. Earlier reports by Cryptopolitan revealed that the business also had a big net loss of $103.4 million, which was mostly due to non-cash accounting impairments and stock-based pay.  

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