Overview

• The board approved a discretionary repurchase program of up to $1.5 billion to be used when market conditions warrant.
• Management said buybacks will be considered when SBET trades at or below the net asset value of the company’s Ethereum holdings, describing that approach as accretive versus raising new equity.
• Authorized purchases may occur through open-market buys, privately negotiated transactions, or other permitted methods, with no obligation to repurchase a set amount and the option to pause the program.
• SharpLink holds about 740,760 ETH, reported at roughly $3.19 billion at current prices, placing it among the largest corporate Ether treasuries.
• Shares rose following the announcement, with reports of a 5% pre‑market gain and more than 10% intraday, as market commentary also eyed volatility tied to Fed Chair Jerome Powell’s Jackson Hole remarks.