#SharplinkAdds10000ETH Sharplink, Inc. (NASDAQ:SBET) purchased 10,000 Ether at an average price of $1,611 per ETH and repurchased 2,132,773 shares of its common stock at an average price of $4.69 per share.

The transactions took place in the week ending June 28. With the ETH purchase, the company's total assets reached 886,725 ETH as of June 28, consisting of 632,719 native ETH, 181,299 assumed redeemed ETH from LsETH, and 72,707 assumed redeemed ETH from weETH.

The share repurchase was conducted in the open market under the company's ongoing share repurchase program. The total number of shares repurchased since the program began in August 2025 reached 4,071,223. The stock is currently trading at $4.92, which indicates a decline of approximately 50% compared to the previous year, although InvestingPro analysis suggests the shares are undervalued at current levels.

During the week, the company raised $75 million through a registered direct offering of common stock and warrants.

Sharplink CEO Joseph Chalom said, "The successful completion of our $75 million registered direct offering last week strengthened our balance sheet and provided capital to support our active ETH treasury management strategy." According to InvestingPro data, the company has more cash than debt on its balance sheet, which supports the treasury strategy. For deeper insights including Fair Value analysis and 12 additional ProTip (Pro Tip), you can review the comprehensive Pro Research Report specific to SBET.

Sharplink describes itself as an enterprise-level Ethereum treasury platform. Founded in 2019, the company is headquartered in Miami, Florida.

THIS IS NOT INVESTMENT ADVICE

$ETH