SharpLink Gaming, a significant player in the Ethereum treasury space, has completed a buyback of 1,000,000 shares at $16.67 each in September 2025. Despite a slight dip in share price following the buyback, CEO Joseph Chalom emphasized the company's undervaluation and commitment to disciplined capital allocation. The buyback has adjusted SharpLink's net asset value per share to $18.55. The company currently holds 838,152 ETH in staking, underscoring its strategic focus on Ethereum.