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Sharplink Gaming, the second largest company in Ethereum Treasury overall, has launched a share repurchase program of $ 1.5 billion, because its actions are negotiated below its asset value (NAV).
To launch the program, Sharplink bought around 939,000 ordinary shares at an average price of $ 15.98, the company said in a statement.
This helped send the share of Sharplink’s action up 6% to close the negotiation session from Tuesday to $ 16.69, according to Google Finance. The purchase activity continued after the hours of work, the share of the company amounting to 0.48%.
The Sharplink Gaming action course (Source: Google Finance)
Sharplink’s game actions dropped by more than 2% in last week and more than 25% in the last month.
The drop in SharpLink’s navigation of navigation means that investors assess the company less of the dollar value of the total ETH it keeps on its balance sheet.
NEW: Sharplink is starting to use its $ 1.5 billion share buyback program, redeem ~ 1 million shares of actions $ Sbet.
We believe that our stock is considerably undervalued. The repair of stock at Nav <1 is immediately accretive and aggravates the value of long -term shareholders.
Key facts:
– $ 3.6 billion in $ ETh on… pic.twitter.com/wr0weylqlb
– Sharplink (sbet) (@SharpLinkgaming) September 9, 2025
Sharplink aims to strengthen confidence in the long -term strategy
Sharplink currently has about 837.23K of ETH tokens worth around 3.24 billion dollars in its balance sheet, according to Strategicethreve data.
The only company that holds more ETH token than Sharplink is Bitmine immersion technologies with its 2,07 million ETH reserves worth 7.74 billion dollars.
Although Sharplink has added to his ETH assets in recent weeks, his stock market has continued to drop. It was despite the largest Altcoin by market capitalization reaching a new summit of all time (ATH) of $ 4,953.73 on August 24.
Sharplink said The acquisitions “represent a convincing investment which underlines confidence in its long -term strategy and its growth prospects”.
In addition to the 939,000 shares that have already been purchased, Sharplink said that it would buy additional actions according to market conditions using cash species, species available from operating activities such as locks or money from other forms of financing.
The company said that it was “in a position of strength” and has “no debt in current circulation”.
“Even more convincing, almost 100% of $ 3.6 billion in ETH are dotted, which generates business equipment income,” he added.
The company’s co-chief, Joseph Chalom, said that “maximizing shareholders’ value” remains an absolute priority for the company.
Treasury companies must reserve funds for buyouts: Nydig
The New York Digital Investment Group (NYDIG) warned in a September 5 report that “a rib driving could be ahead” for digital assets (DAT) companies.
“If we were to give Dats advice, it is to save some of the funds aside to support actions via buyouts,” said.
In June, Breed Breed also warned that only a few Bitcoin cash companies will avoid a “death spiral”.
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