SharpLink purchased 10,000 ETH for $16.1 million and redeemed 2.13 million shares for $10 million.

SharpLink Gaming disclosed the purchase of 10,000 ETH at an average price of $1,611, totaling $16.1 million. As of June 28, the company’s reserve reached 886,725 ETH. The company last publicly reported purchasing ETH eight months ago.

Meanwhile, SharpLink repurchased 2.13 million SBET shares on the open market at an average price of $4.69, for a total amount of approximately $10 million. Since the launch of the share buyback program in August 2025, the total volume of repurchases has reached 4.07 million shares.

Both transactions followed the completion of a stock and warrant offering worth $75 million during the week ending June 28.