Overview

• The board cleared up to $1.5 billion in repurchases with flexibility for open-market buys or privately negotiated transactions, with no obligation to purchase any set amount.
• Co-CEO Joseph Chalom said buying stock when it trades at or below the net asset value of the company’s ETH holdings would prevent dilution of Ethereum per share.
• SharpLink holds roughly 740,000 to 740,800 ETH, placing it among the largest corporate Ethereum treasuries with a stash valued around $3.2–$3.6 billion depending on price.
• Shares rose more than 15% to about $20.8 following the announcement, tracking a broader crypto rally after Fed Chair Jerome Powell’s remarks boosted rate-cut expectations.
• The authorization approaches roughly half of SharpLink’s recent $3.5 billion market capitalization, and the firm continues to accumulate and stake ETH as part of its treasury strategy.