SBETMore Ether, fewer shares
Sharplink, Inc. said it bought another 10,000 ETH at an average price of $1,611, bringing its total Ether stash to 886,725. That’s not a typo — the company is basically acting like a corporate crypto whale with a Nasdaq listing.
The buyback button is still on
On top of the ETH shopping spree, Sharplink repurchased 2,132,773 shares of common stock in the open market at an average price of $4.69 each. That came through its ongoing buyback program, which is a pretty direct way to tell the market: management thinks the stock is cheap enough to back up the truck.
Why investors should care
This is one of those stories where two capital-allocation levers are moving at once:
- More ETH can amplify upside if Ether keeps running
- Buybacks can support the stock by reducing the share count
- But if ETH rolls over, the “treasury strategy” can start feeling less genius and more roller coaster
Big picture: Sharplink is doubling down on a high-octane balance-sheet identity. If you own the stock, you’re not buying boring — you’re buying leverage, conviction, and a whole lot of crypto exposure.