SharpLink Gaming Approves $1.50 Billion Share Repurchase Plan, Expands Affiliate Marketing Network, PAS.net

Friday, Aug 22, 2025 8:17 am ET1min read
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SharpLink Gaming has approved a $1.50 billion share repurchase plan. The company is an online performance marketing firm that delivers fan activation solutions to sportsbook and casino partners. Its subsidiary, SharpLink Israel, operates an iGaming and affiliate marketing network, PAS.net, and provides affiliate marketing services and sports gaming client services.

SharpLink Gaming, Inc. (NASDAQ: SBET), a leading online performance marketing firm, has authorized a significant share repurchase program worth up to $1.5 billion. The move follows the company's recent pivot to becoming one of the world's largest corporate holders of Ether (ETH) [2].

The repurchase program, which is designed to provide enhanced market support and optimize capital allocation, was approved by the company's Board of Directors [1]. According to Joseph Chalom, Co-Chief Executive Officer of SharpLink, the plan allows the company to act strategically if its stock trades at or below the net asset value of its ETH holdings.

SharpLink, which holds 728,804 ETH valued at over $3.15 billion, is the second-largest institutional ETH treasury after BitMine Immersion [2]. The company's strategic shift to focus on Ethereum reflects a growing demand for crypto among traditional investors and a hedge against inflation [2].

The repurchase program will be executed through open market purchases, privately negotiated transactions, or other means permitted under applicable securities laws. The timing and amount of repurchases will depend on market conditions, share price, and trading volume. SharpLink is not obligated to repurchase any specific number of shares, and the program may be suspended or discontinued at any time.

This move comes as SharpLink continues to build its Ethereum treasury, which has grown significantly since its launch in June 2025. The company has earned 1,326 ETH through staking rewards, demonstrating the power of its yield-generating approach [2].

References:
[1] https://www.investing.com/news/stock-market-news/sharplink-gaming-stock-rises-after-15-billion-buyback-authorization-93CH-4206760
[2] https://www.coingecko.com/learn/what-is-sharplink-gaming-sbet-ethereum-treasury

SharpLink Gaming Approves $1.50 Billion Share Repurchase Plan, Expands Affiliate Marketing Network, PAS.net

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