# SharpLink Authorizes $1.5B Stock Buyback

*Author: Bankless*
*Published: Aug 22, 2025*
*Source: https://www.bankless.com/read/sharplink-authorizes-1-5b-stock-buyback*

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SharpLink Gaming approved a stock repurchase program of up to $1.5B, positioning itself to buy back shares when trading below the net asset value (NAV) of its ether holdings.

## **What’s the Scoop?**
- **Capital strategy:** Co-CEO Joseph Chalom said buybacks help preserve the company’s “ether per share” metric, avoiding dilution when shares trade under NAV.
- **ETH treasury:** SharpLink holds 740,760 ETH, worth about $3.6B, and trades at a market capitalization of $3.5B.
- **Treasury trend:** The top five public Ethereum treasury companies hold more than $13B in ETH combines, with top holder BitMine holding $7B alone.

### Bankless Take:
Crypto treasury companies trading may experience difficulties raising funds when trading at discounts to NAV, and at last week's end, SharpLink [held](https://investors.sharplink.com/sharplink-reports-total-eth-holdings-climb-to-740760-as-of-august-17-2025-raised-537-million-in-net-proceeds-for-week-of-august-10-august-15-2025-2/) just $84M of cash on hand. Although the firm has authorized a sizable buybacks, it is unclear whether SharpLink can execute on the program.

> At SharpLink, we’re building Ethereum-backed value per share with institutional-grade discipline and full transparencyOur mission is simple: accumulate ETH, stake ETH, and grow ETH-per-share as the most trusted Ethereum treasury in the worldThat’s why our Board just… [https://t.co/BqUR5vtpjE](https://t.co/BqUR5vtpjE)— SharpLink (SBET) (@SharpLinkGaming) [August 22, 2025](https://twitter.com/SharpLinkGaming/status/1958907861805015366?ref_src=twsrc%5Etfw)
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