Overview

• The company bought roughly 939,000 shares at an average price of $15.98 after activating its authorized repurchase program.
• SharpLink holds about $3.6 billion in ETH, with nearly all of its 837,230 ETH staked and generating income.
• Executives said they have not used the at-the-market facility while shares trade below net asset value to avoid diluting ETH per share.
• Shares fell about 11% over five trading days after SharpLink told Decrypt it plans to stake a portion of its ETH on Consensys’s Linea once mainnet goes live.
• SharpLink’s stock trades near a 0.87 multiple of reported NAV, and prediction market users increasingly doubt it will reach 1 million ETH by September 16.