The Ether company SharpLink said, "The price is very low," and made a buyback.

The Ethereum treasury company SharpLink Gaming, traded on Nasdaq, stated that its stock prices are low and took the first step in its buyback program announced at the end of August. The company paid approximately 15 million dollars and repurchased 939 thousand shares. The average purchase price was 15.9 dollars.

This transaction represents the first step of SharpLink's previously announced total $1.5 billion share buyback program. The Board of Directors approved this program last month. As is known, SharpLink holds over 800,000 ETH worth $3.6 billion. Almost all of these ETH are being staked, providing additional income to the company.

Two major Ether companies lagged behind

Since the beginning of July, two companies, Bitmine and SharpLink, which have accelerated their Ether purchases, have also experienced a decline in their shares due to subsequent price drops. The decline of Ether from the $5,000 price to around $4,300 has caused the shares of both companies to see a drop of between 60% and 70% from their historical peaks. Following SharpLink's buyback announcement, the share price rose by 3.6% in pre-market trading.

In front of SharpLink, Bitmine, which holds the most Ether, has more than 2 million ETH.

Published: September 9, 2025 16:33Last Updated: September 9, 2025 16:39