EL7.AI
StocksMediumUpdated•Originally published 30 June 2026•Updated 30 June 2026•
1 min read

Sharplink Re-Enters Crypto with 10,000 Ether Purchase Worth $16.1 Million

Key Facts

1Sharplink purchased 10,000 ETH at an average price of $1,611 per ETH, bringing total ETH holdings to 886,725.
2The company also repurchased 2,132,773 shares of its common stock in the open market at an average price of $4.69 per share.

After a year-long pause, Sharplink (SBET) has resumed accumulating digital assets with the purchase of 10,000 Ether at an average price of $1,611 per Ether, according to a press release. This is the company's first crypto acquisition in 2026, signaling a renewed commitment to treasury diversification. The company also reported total Ether holdings of 886,725 and repurchased 2,132,773 shares at $4.69 per share.

The move follows a year without any crypto purchases, based on previous disclosures. SBET shares closed at $4.92 on June 29, with a daily range of $4.58–$4.97, per market data. The $4.69 buyback average represents a discount to the closing price, suggesting management saw value at those levels.

At the June 29 close, SBET traded at $4.92. Investors may monitor how Ether price moves affect the company's holdings, particularly with potential for resumed periodic purchases. Crypto-based ETFs and regulatory developments remain potential catalysts for the company's strategy.