SharpLink Gaming approves a $1.5 billion "stock buyback" plan, can SBET return to its yearly high?

SharpLink Gaming announced on August 22 that its board of directors has approved a share repurchase plan of up to $1.5 billion. Can SBET break through its year-to-date high? (Background: SharpLink Gaming increased its position by 143,593 ETH, with total holdings exceeding 740,000, and staking rewards rising to 1,388 ETH) (Additional context: Ethereum buying pressure》SharpLink Gaming increased its position by 14,933 ETH, on-chain whales dumped $300 million in purchases over three days) The Ethereum reserve company SharpLink Gaming announced on August 22 that its board of directors has approved a share repurchase plan of up to $1.5 billion, aimed at supporting the company's stock price and optimizing capital allocation. In response, SharpLink co-CEO Joseph Chalom stated: "At SharpLink, we are committed to executing a rigorous capital market strategy. If our stock trades at or below the net asset value (NAV) of our ETH holdings, raising funds through the issuance of new shares would result in dilution per share of ETH. In this scenario, repurchasing common stock may be a more value-adding course of action. This plan provides us with the flexibility to act swiftly and decisively when market conditions are favorable." Additionally, in the announcement, SharpLink added that the share repurchase plan aims to provide stronger support for the market, optimize capital allocation, and reinforce SharpLink's commitment to driving long-term sustainable shareholder value. The repurchase plan allows the company to conduct stock buybacks through open market transactions, privately negotiated transactions, or other methods that comply with securities regulations. The specific timing and amount of repurchases will depend on market conditions, stock prices, volume, and other relevant factors. SharpLink's stock performance this year Currently, SharpLink Gaming is one of the largest corporate Ethereum holders in the world, holding 740,760 ETH as of August 17, 2025. Year-to-date, SharpLink Gaming's stock SBET has surged by 133%, bringing its market capitalization to $3.046 billion. However, compared to its peak of about $80 when it announced its Ethereum reserve strategy at the end of May this year, its current stock price around $20 has still retracted significantly. Whether this share repurchase plan can stimulate a rebound in the stock price is worth our attention. Image source: Google Finance Related Reports SharpLink Gaming buys up the entire monthly supply of Ethereum! $295 million increase in 77,210 ETH, holdings exceed 438,000 SharpLink Gaming increases its position by 4,904 Ethereum "unrealized gains of $260 million", SBET surged nearly 3 times this month SharpLink Gaming spends $22.8 million to increase its position in Ethereum, total holdings of 200,000 ETH, has the stock SBET rebounded? <SharpLink Gaming approves $1.5 billion "share repurchase" plan, can SBET return to its year-to-date high?> This article was first published in BlockTempo "The Most Influential Blockchain News Media."