Sharplink’s shares focused on Ethereum rose more than 15% in transactions over $20 after the company’s board approved a $1.5 billion share repurchase program.
In a press statement on August 22, Sharplink explained that approval will allow acquisitions through multiple channels, including open market purchases and private transactions.
The company emphasized that the size of the repurchase depends on factors such as terms of transaction, liquidity, and market prices.
Meanwhile, the company emphasizes that the initiative will not commit it to a fixed number of shares, and the board reserves the right to suspend or terminate the program if circumstances change.
Why does Sharplink want a stock buyback program?
Sharplink co-CEO Joseph Chalom said the move was designed to prevent dilution and enhance the value of Ethereum per company’s share.
According to him, issuing additional shares will weaken ETH concentration if the company falls below ETH Holdings’ Net Asset Value (NAV). In that scenario, buying stocks is considered a more beneficial pass.
He added that all repurchases will increase the amount of ETH that supports each share, and will exacerbate the long-term profits of investors.
Overall, the company described it as an ETH with a wider mission accumulating transparency and institutional discipline. Therefore, by combining buybacks with Ethereum financial strategy, Sharplink said it aims to focus on ETH per share growth while strengthening shareholder trust.
Ethereum Rally affects Sharplink stock
Buyback plans are important, but Sharplink’s recent surge was largely supported by ETH price rallies after US Federal Reserve Chair Jerome Powell’s comments on the US economy.
Data from Encryption This shows that ETH has risen more than 13% in the last 24 hours, reaching $4,876 at the time of reporting.
The rally was part of a broader market upward path, with Bitcoin and other top digital assets recording significant profits, boosting the total crypto market today, exceeding $4 trillion.
Sharplink is Ethereum’s second largest corporate holder, according to strategic ETH reserve data. The Josefulvin-led company holds 740,800 ETH, worth $3.59 billion.
The company sits on unrealized profits of over $1 billion, and has immersed its entire shares holdings to earn more than 1,300 ETH.
Ethereum Market Data
When reporting 1:28pm, UTC on August 23, 2025Ethereum ranks second in terms of market capitalization, and the price is above 11.64% Over the past 24 hours. Ethereum has a market capitalization $56.963 billion 24-hour trading volume $7.934 billion. More about Ethereum›
Overview of the Crypto Market
When reporting 1:28pm, UTC on August 23, 2025Crypto market totals are evaluated by $3.99 trillion There is a 24-hour volume $2571.5 billion. Bitcoin’s advantage is currently underway 57.58%. Crypto Market Details›