Business
SharpLink Acquires 1,000,000 Shares of Common Stock in Ongoing Buyback Program
Total Staking Rewards Climb to 3,240 ETH as of September 14, 2025 MINNEAPOLIS, MN, Sept. 16, 2025 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (Nasdaq: SBET)
About this update from Sharplink, Inc.
[{"type":"text","content":"Total Staking Rewards Climb to 3,240 ETH as of September 14, 2025 MINNEAPOLIS, MN, Sept. 16, 2025 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (Nasdaq: SBET) (“SharpLink” or the “Company”), one of the world’s largest corporate holders of Ether (“ETH”) and prominent industry advocate of Ethereum adoption, today announced the purchase of 1,000,000 shares of its common stock at an average purchase price of $16.67 per share as part of the Company’s ongoing stock buyback program, which was initially announced in late August 2025. Key Highlights for the Week Ending September 14, 2025 No capital was raised through the ATM facility.Total staking rewards rose to 3,240 ETH since launching SharpLink’s treasury strategy on June 2, 2025.Total ETH holdings increased to 838,152, currently valued at $3.86 billion.ETH Concentration is 3.97, up over 98% since June 2, 2025. A total of 1,938,450 shares of common stock have been repurchased by the Company since initiating its stock buyback program earlier this month, inclusive of the 1,000,000 share buyback which occurred on Monday, September 15, 2025. The Company continues to believe its common stock is significantly undervalued in the market, and that stock repurchases represent the best method to maximize stockholder value under current market conditions. As of September 14, 2025, SharpLink had a NAV of $3.86 billion, representing a NAV per fully diluted share of approximately $18.55*, and no outstanding debt obligations. Moreover, nearly 100% of its ETH is staked, generating material revenue for the Company. SharpLink expects to continue repurchasing additional shares based on market conditions using cash on hand, cash available from operating activities like staking, or alternative forms of financing. Joseph Chalom, Co-CEO of SharpLink, stated “Ethereum is rapidly emerging as the cornerstone of the digital asset economy, with momentum accelerating as institutions announce tokenization across stocks and funds, regulators provide greater clarity across global markets, and central banks prepare for easing monetary policy. We are excited about the historic opportunity and believe SharpLink is uniquely positioned to participate in, and help demonstrate, the transformative potential of Ethereum.” “We continue to be focused on stockholder value. By expanding our ETH concentration, we are reinforcing our...