Sharplink Adds 10,000 ETH as Corporate Treasury Grows to 886,725 Ether

Sharplink Ties Share Buybacks to ETH Treasury in Long-Term Capital Strategy

Sharplink has added 10,000 ETH to its corporate treasury, extending its position as one of the world’s largest publicly traded holders of ether.

The company’s statement said it purchased the ETH at an average price of about $1,611 per token. The acquisition brought total holdings to 886,725 ETH as of June 28, 2026.

Sharplink also repurchased 2,132,773 shares of common stock in the open market at an average price of $4.69 per share. The buyback was made under the company’s ongoing repurchase program, which began in August 2025.

Since launching the program, Sharplink has bought back 4,071,223 shares.

ETH Treasury Strategy Remains Central

Sharplink said the latest ETH purchase reflects its continued commitment to using ether as a long-term reserve asset.

The company’s total ETH holdings include 632,719 native ETH, 181,299 ETH on an as-if-redeemed basis from LsETH and 72,707 ETH on an as-if-redeemed basis from weETH.

That structure shows Sharplink is not only holding ETH directly, but also maintaining exposure through liquid staking-related assets. These instruments can offer ethereum exposure while preserving liquidity and staking participation.

Joseph Chalom, Sharplink’s CEO, said the company’s treasury strategy is focused on increasing ETH per share over time. Chalom said:

Our capital allocation philosophy is disciplined and straightforward: every financing decision we make is based on our long-term objective to increase ETH per share.

$75 Million Offering Supports Capital Plan

Sharplink also raised $75 million last week through a registered direct offering of common stock and warrants.

The company said the financing strengthened its balance sheet and provided capital to support active ETH treasury management. At the same time, Sharplink continued buying back its own stock, which it believes is significantly undervalued.

The dual move highlights a strategy now common among crypto treasury companies: raise capital when market conditions allow, acquire digital assets for the balance sheet, and use buybacks when management views the equity as trading below intrinsic value.

For Sharplink, the metric that matters most is ETH per share. Buying ether increases treasury exposure, while repurchasing stock can reduce the share count and lift each remaining shareholder’s claim on the company’s ETH base.

The latest update also comes as public companies continue to compete for investor attention through digital asset accumulation strategies. Sharplink’s latest purchase places it deeper into the group of corporate ethereum holders betting that ETH will become a core reserve asset for the next phase of onchain finance.