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Get filing alertsSharplink acquires 10,000 ETH for $16.1M, repurchases 2.1M shares for $10M after $75M raise
Filed June 30, 2026 · Period ending June 30, 2026 · ~1 min read
Key Changes
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high
Purchased 10,000 ETH at $1,611/ETH for $16.1M using proceeds from registered direct offering, bringing total holdings to 886,725 ETH (substantially all deployed in staking)
Item 8.01 — Other Events verify on EDGAR → -
high
Repurchased 2.1M shares at $4.69/share for ~$10M during June 24-26, bringing total buybacks to 4.1M shares since program began in August 2025
Item 8.01 — Other Events verify on EDGAR → -
high
Raised $75M via registered direct offering of common stock and warrants to strengthen balance sheet and support ETH treasury strategy
Exhibit 99.1 view on EDGAR → -
medium
ETH holdings comprise 632,719 native ETH, 181,299 ETH as-if redeemed from liquid staking, and 72,707 ETH as-if redeemed from wrapped ETH as of June 28, 2026
Item 8.01 — Other Events verify on EDGAR →
Summary
Sharplink executed a coordinated capital allocation strategy during the week ending June 28, 2026: the company raised $75 million through a registered direct offering, then deployed $16.1 million to acquire 10,000 ETH at an average price of $1,611 per token while simultaneously repurchasing $10 million of its own stock. The ETH purchase increased total holdings to 886,725 ETH, substantially all of which is deployed in staking to generate yield. The share repurchase of 2.1 million shares at $4.69 per share brings cumulative buybacks to 4.1 million shares since the program launched in August 2025, with management stating the stock remains significantly undervalued.
This filing illustrates Sharplink's dual strategy of building a cryptocurrency treasury while returning capital to shareholders. The company is using equity financing to fund both digital asset accumulation and stock buybacks, betting that ETH appreciation and reduced share count will drive long-term value. Retail holders should monitor whether the ETH position generates returns that justify the dilution from the $75 million raise, and whether management continues balancing treasury growth against opportunistic buybacks.
Section-by-Section Diff
Event · Exhibit 99.1
Sharplink acquired 10,000 ETH at $1,611/ETH, raising total holdings to 886,725 ETH, and repurchased 2.1M shares at $4.69/share following a $75M equity raise.
Added in current filing · view on EDGAR →
the purchase of 10,000 ETH at an average price of $1,611 per ETH, bringing total ETH holdings1 to 886,725
Sharplink purchased 10,000 ETH at an average price of $1,611 per ETH, increasing its total Ethereum holdings to 886,725 ETH. The holdings comprise 632,719 native ETH, 181,299 ETH as-if redeemed from LsETH, and 72,707 ETH as-if redeemed from weETH as of June 28, 2026. This reflects the company's strategy to grow its ETH treasury as a long-term reserve asset.
Added in current filing · view on EDGAR →
Raised $75 million via a registered direct offering of common stock and warrants.
Sharplink completed a $75 million registered direct offering of common stock and warrants during the week ending June 28, 2026. Management stated this strengthened the balance sheet and provided capital to support the company's ETH treasury management strategy, with all financing decisions aimed at increasing ETH per share.
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
During the period from June 24, 2026 through June 26, 2026, the Company repurchased 2,132,773 shares of Common Stock at an average purchase price of $4.69 per share.
The company repurchased approximately 2.13 million shares at $4.69 per share during a three-day period in late June 2026, representing approximately $10 million in buybacks under the $1.5 billion repurchase program authorized in August 2025. This demonstrates active capital allocation toward returning value to shareholders.
Event · Item 7.01 — Regulation FD Disclosure
Sharplink disclosed ETH holdings, proceeds from a June 23 registered direct offering, and share repurchase program utilization.
Added in current filing · verify on EDGAR →
On June 30, 2026, Sharplink, Inc. (the “Company”) issued a press release announcing the Company’s ETH holdings to date, gross proceeds from the registered direct offering that closed on June 23, 2026 (the “Registered Direct”), and the utilization of its 2025 Share Repurchase Program as described herein.
The company disclosed its Ethereum (ETH) cryptocurrency holdings and the gross proceeds from a registered direct offering that closed on June 23, 2026. The company also provided an update on its 2025 Share Repurchase Program. The specific amounts and details are contained in the press release exhibit, which is not included in the body text provided.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 1, 2026 · How we verify