SharpLink Adds 10,000 ETH to Treasury, Continues Aggressive Share Buybacks

SharpLink disclosed its first publicly confirmed ether purchase in eight months, acquiring 10,000 ETH at an average price of $1,611, a transaction worth roughly $16.1 million. The purchase brings the Miami based company’s total holdings to 886,725 ETH as of June 28, reinforcing its position as one of the largest corporate ether treasuries among public companies.

Share Repurchases Continue to Expand

Alongside the ETH purchase, SharpLink repurchased 2,132,773 shares of its common stock at an average price of $4.69, pushing cumulative buybacks to 4,071,223 shares since the program began in August 2025.

CEO Points to Strengthened Balance Sheet

The moves follow the completion of a $75 million registered direct offering of stock and warrants. CEO Joseph Chalom said the additional capital supports the company’s long-term goal of increasing ETH holdings relative to outstanding shares, describing its financing approach as disciplined and centered on per-share value growth.

Ether traded above $1,550 Tuesday, slightly lower over the past day, while SharpLink shares dipped in early trading despite gains in the prior session.