The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a sign of growing corporate interest in digital assets, Sharplink (SBET) announced it purchased 10,000 Ether (ETH) after completing a $75 million capital raise, per The Block reports. The company also repurchased 2.13 million of its own shares in the same move, signaling confidence in both crypto and its stock.
The move follows a period of volatility in crypto markets, with peers like MicroStrategy accumulating Bitcoin. Sharplink’s buyback adds confidence while its shares closed at $4.92 on June 29, 2026 (per market data), trading between $4.58 and $4.97. Though modest relative to its market cap, the dual action underscores a focus on shareholder value and crypto exposure.
Sign in to access this content
Sign InAt the June 29 close, SBET was at $4.92, near the top of its weekly range. Investors will watch how the added Ether position affects the balance sheet and whether further buybacks follow. No direct calendar catalysts are pending for the company, but global ETH price action remains a key variable.