Corporate ActionJun 30, 2026, 08:21 AM
Sharplink Acquires 10,000 ETH, Repurchases 2.1M Shares
AI Summary
Sharplink, Inc. announced the acquisition of 10,000 ETH for approximately $16.1 million, bringing its total ETH holdings to 886,725. The company also repurchased 2,132,773 shares of its common stock at an average price of $4.69 per share. These actions were funded by the $75 million gross proceeds from a recently closed registered direct offering, aligning with the company's strategy to increase ETH per share and strengthen its balance sheet.
Key Highlights
- Acquired 10,000 ETH for approximately $16.1 million at an average price of $1,611.04 per ETH.
- Total ETH holdings increased to 886,725 as of June 28, 2026.
- Repurchased 2,132,773 shares of common stock between June 24-26, 2026.
- Average share repurchase price was $4.69 per share.
- Raised $75 million via a registered direct offering of common stock and warrants.
- Total 4,071,223 shares repurchased since initiating the buyback program in August 2025.
Price Impact
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