SBET Shares Jump 5% After SharpLink $1.5B Buyback
The post SBET Shares Jump 5% After SharpLink $1.5B Buyback appeared on BitcoinEthereumNews.com.
Key Notes The latest move from SharpLink aims at supporting the market and reinforcing long-term shareholder value. Following the buyback announcement, SBET shares jumped 5% in pre-market trading, recovering from a 30% correction. The buyback complements SharpLink’s recent $668 million Ethereum purchases, reflecting the firm’s disciplined capital strategy. Nasdaq-listed SharpLink Gaming (NASDAQ: SBET), an Ethereum ETH $4 632 24h volatility: 9.2% Market cap: $560.11 B Vol. 24h: $43.65 B Treasury firm, has authorized a massive $1.5 billion stock buyback program, sending the SBET share price soaring by 5% in Friday’s pre-market trading session. The recent development boosts confidence in the company’s future plans. SharpLink’s $1.5 Billion Stock Buyback Plan SharpLink Gaming has announced a new stock buyback program aimed at strengthening market support and optimizing capital allocation. This move also reinforces the company’s long-term commitment to sustainable shareholder value. The latest announcement comes following the company’s $668 million ETH purchases earlier this week. Under the program, share repurchases may occur through open market purchases, privately negotiated transactions, or other methods allowed under applicable securities laws. SharpLink stated that the timing and amount of buybacks will depend on market conditions, share price, trading volume, and other relevant factors. However, the ETH Treasury made it clear that it is not obligated to repurchase a specific number of shares, and the program may be suspended or discontinued at any time. Speaking on the development, Joseph Chalom, Co-Chief Executive Officer of SharpLink, said: “At SharpLink, we remain committed to a disciplined capital markets strategy. Should there exist periods where our stock trades at or below the net asset value (“NAV”) of our ETH holdings, it would be dilutive on an ETH per share basis to issue new equity through our capital raising efforts. In this scenario, the accretive course of action may be to…
Filed under: News - @ August 22, 2025 4:27 pm