SharpLink Activates $1.5B Buyback, Repurchases 1M Shares as $SBET

SharpLink Gaming Inc , one of the largest corporate holders of Ethereum, has officially begun deploying its $1.5 billion share buyback program. NEW: SharpLink begins utilizing its $1.5B share buyback program, repurchasing ~1M shares of $SBET. We believe our stock is significantly ￰0￱ back stock at NAV Key facts: – $3.6B of $ETH on… ￰1￱ — SharpLink (SBET) (@SharpLinkGaming) September 9, 2025 The company repurchased approximately 939,000 shares of common stock at an average price of $15.98, underscoring its view that the stock is significantly ￰2￱ says that buybacks represent a compelling investment opportunity, immediately accretive to shareholders, while reinforcing confidence in the company’s long-term growth ￰3￱ Sheet Strength: $3.6B ETH and Zero Debt At the heart of SharpLink’s strategy is its Ethereum ￰4￱ company currently holds roughly $3.6 billion in ETH, nearly 100% of which is staked and generating material ￰5￱ no outstanding debt and a robust balance sheet, SharpLink says it stands in a position of strength, enabling it to prioritize shareholder returns without compromising future growth.

“With a powerful ETH treasury generating income, we are in a position of strength,” said Joseph Chalom, Co-CEO of ￰6￱ Capital Allocation and NAV Focus SharpLink confirmed that it has not tapped into its At-the-Market (ATM) facility while the stock trades below Net Asset Value (NAV), as such activity would dilute ETH per share. Instead, the company is pursuing a disciplined capital allocation strategy, including buybacks, while reserving the right to utilize its ATM in an accretive way if market conditions ￰7￱ highlighted that share repurchases are intended to increase stockholder value while maintaining long-term exposure to Ethereum. Long-Term Ethereum Strategy As one of the world’s largest publicly traded companies to adopt ETH as its primary treasury reserve asset, SharpLink has positioned itself as a leading advocate for Ethereum ￰8￱ company’s ETH dashboard provides transparency, offering investors insights into its holdings, staking income, and market-adjusted NAV.

“Maximizing stockholder value remains our top priority as we execute on our vision of being the most trusted ETH treasury company in the market,” Chalom adds. $SBET Stock Soars, Then Retreats Amid Buyback Momentum SharpLink Gaming Inc. (Nasdaq: SBET) has experienced dramatic price swings in recent ￰9￱ the past six months, the stock surged 244%, climbing from just above $4 in March to peaks of nearly $80 in June ￰10￱ Takes Hold After hitting highs in June, the stock corrected sharply, losing much of its momentum by ￰11￱ early August, shares were trading closer to the $20 level, with the price consolidating into September around $15–16. This volatility reflects the speculative nature of both SharpLink’s ETH-linked strategy and investor sentiment tied to broader crypto ￰12￱ Underpins Stability The company’s announcement of a $1.5 billion buyback program and its first repurchase of nearly 1 million shares at an average price of $15.98 appears to have provided some price support.

Pre-market trading on September 9 shows shares at $16.20 (+3.38%), suggesting investors see the buyback as a vote of confidence from management.