Sharplink disclosed on Tuesday that it purchased 10,000 ETH and repurchased more shares under its ongoing buyback program, expanding one of the largest corporate ether treasuries in the public markets.
The Miami-based company said the latest acquisition increased its total ether holdings to 886,725 ETH as of June 28. The purchase was made at an average price of $1,611 per ETH, implying a transaction value of about $16.1 million, according to the company's statement.
The disclosure marks Sharplink's first publicly announced ether purchase in eight months. Last week, onchain analyst EmberCN reported that the company had acquired 5,000 ETH through FalconX, citing Arkham data, though Sharplink had not confirmed the transaction at the time.
Sharplink said its latest purchases reflect its continued commitment to expanding its ETH treasury as a long-term reserve asset.
The company also announced the repurchase of 2,132,773 shares of its common stock in the open market at an average price of $4.69 per share. The buyback brings the company's cumulative repurchases to 4,071,223 shares since initiating the program in August 2025.
