SharpLink Gaming surges after $1.5 bln share repurchase program

Sharplink

13/11/2025 12:17

** Shares of SharpLink Gaming SBET.O rise nearly 2.4% to about $11.8 premarket

** SBET to repurchase up to $1.5 billion of its common stock

** Co says it has repurchased 1.94 million shares of common stock for $31.6 million as of September 30

** Q3 revenue rose 12 times to $10.8 mln from $0.9 mln a year ago, driven by its Ethereum (ETH) treasury strategy

** "We've doubled our ETH per share concentration from 2.0 to 4.0 since inception of the treasury," says Co-CEO Joseph Chalom

** Co intends to deploy $200 mln in ETH on Consensys' Linea network to boost Ethereum decentralized finance yields

** As of last close, shares up 49.7% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))