The SharpLink board approved a $1.5 billion stock buyback plan.

On August 22, according to an official announcement, Ethereum treasury strategy company SharpLink announced that its board has approved a stock repurchase plan for up to $1.5 billion of the company's common stock. SharpLink Co-CEO Joseph Chalom stated, "At SharpLink, we are always committed to rigorous capital market strategies. If our stock trading price reaches or falls below the net asset value ("NAV") of the ETH we hold, financing the issuance of new shares would dilute the equity per share of ETH. In this case, a value enhancement approach may be to repurchase our common stock. This plan allows us to flexibly respond to these situations and take swift and decisive action." The stock repurchase plan aims to enhance market support, optimize capital allocation, and reinforce SharpLink's long-term commitment to driving sustainable shareholder value. Repurchases under the plan may be conducted from time to time through open market purchases, private negotiated transactions, or other means permitted by applicable securities laws. The timing and amount of repurchases under the plan will depend on market conditions, stock prices, volume, and other factors. The company is not obligated to repurchase any specific number of shares, and the plan may be suspended or terminated at any time.