Ethereum-focused SharpLink’s stock climbed more than 15% to trade above $20 after the company’s board approved a $1.5 billion stock repurchase program.

In its Aug. 22 press statement, SharpLink explained that the authorization allows for buybacks through multiple channels, including open-market purchases and privately negotiated deals.

The company emphasized that the scale of repurchases will depend on factors such as trading conditions, liquidity, and market price.

Meanwhile, the firm stressed that the initiative does not commit it to a fixed number of shares, and the board reserves the right to pause or end the program if circumstances change.

Why does SharpLink want a stock buyback program

SharpLink Co-CEO Joseph Chalom said the move is designed to prevent dilution and strengthen the firm’s Ethereum-per-share value.

According to him, issuing additional equity would weaken ETH concentration if the company trades at or below its ETH holdings’ net asset value (NAV). In that scenario, buying back shares is considered the more beneficial path.

He added that every repurchase would lift the amount of ETH backing each share, compounding long-term benefits for investors.

Overall, the firm described its broader mission as accumulating and staking ETH with transparency and institutional discipline. So, by pairing buybacks with its Ethereum treasury strategy, SharpLink said it aims to reinforce shareholder confidence while maintaining its focus on ETH growth per share.

Ethereum rally impacts SharpLink shares

While the buyback plan is significant, SharpLink’s recent surge was largely supported by ETH’s price rally after the US Federal Reserve Chair Jerome Powell’s dovish comments about the US economy.

Data from CryptoSlate shows ETH has climbed more than 13% in the last 24 hours, reaching $4,876 as of press time.

This rally was part of a broader market uptrend, which saw Bitcoin and other top digital assets record significant gains, pushing the total crypto market above $4 trillion earlier today.

According to Strategic ETH Reserve data, SharpLink is the second-largest corporate holder of Ethereum. The Joseph Lubin-led firm holds 740,800 ETH, worth $3.59 billion.

The firm is sitting on an unrealized profit of more than $1 billion and earned more than 1300 ETH from staking its entire holdings.

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LINK rallied 12% over the past 24 hours, hitting $27.8, its strongest price since December. Bitcoin (BTC) appreciated 3.5% during the same period, while the broad-market CoinDesk 20 index jumped 6.5%.

In protocol-specific news, Chainlink obtained two major security certifications this week: ISO 27001 and a SOC 2 Type 1 attestation, marking a first for a blockchain oracle platform. The audits, carried out by Deloitte, covered Chainlink’s price feeds, proof-of-reserve services and the Cross-Chain Interoperability Protocol (CCIP).

The oracle provider says the move strengthens trust in its data services and can bolster adoption among banks, asset issuers and decentralized finance protocols.

Further supporting the rally, the Chainlink Reserve, which periodically purchases LINK tokens on the open market using protocol revenues, bought 41,000 tokens on Thursday, worth roughly $1 million at that time. That brought total holdings to 150,778 tokens, around $4.1 million at current prices.

Technical analysis

• Support Levels: Substantial defense established at $24.15 with high-volume confirmation, according to CoinDesk Research’s technical analysis data.
• Resistance Penetration: Systematic advancement through $25.00, $25.50, and $26.00 levels with volume validation from institutional participants.
• Trading Volume Analysis: Exceptional 12.84 million volume surge during breakout phase, representing five times the 24-hour average of 2.44 million units.
• Consolidation Patterns: Extended tight range consolidation around $24.70-$25.10 preceding explosive institutional-driven breakout.
• Momentum Indicators: Sustained upward trajectory with measured advance characteristics and institutional accumulation signals from corporate treasury operations.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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Hassan Shittu

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Hassan Shittu

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Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in…

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June 23, 2025

Trump Media & Technology Group Corp., the parent company of Truth Social, has announced plans to repurchase up to $400 million worth of its stock.

The move, confirmed in a press release on Monday, was approved by the company’s board of directors and will include the buyback of both common stock and warrants through open market transactions.

All repurchased shares will be retired, and the timing of the buyback will be left to the company’s discretion. Trump Media says the plan complies with the Securities and Exchange Commission (SEC) regulations.

With $3B War Chest, Trump Media Moves on Buybacks and Bitcoin Simultaneously

The company, trading under the ticker DJT on Nasdaq and NYSE Texas, described the buyback as part of a broader effort to return value to shareholders while maintaining flexibility for future growth.

Devin Nunes, CEO and chairman of Trump Media, said the decision reflects the board’s confidence in the company’s long-term direction.

“The Board took a vote of confidence in our company, our stock, and our strategic plans,” Nunes stated.

“Since Trump Media now has approximately $3 billion on its balance sheet, we have the flexibility to take actions like this, which support strong shareholder returns, as we continue exploring further strategic opportunities.”

While launching the buyback program, the company made clear that its previously announced Bitcoin strategy remains fully intact. In May, Trump Media revealed a $2.3 billion private placement deal designed to fund a long-term Bitcoin treasury plan.

The company confirmed Monday that the share repurchase will not interfere with its crypto strategy. Both initiatives are independently funded, according to the statement.

Trump Media has said it intends to model its Bitcoin treasury plans after MicroStrategy, a firm led by Michael Saylor that has accumulated over $14 billion in Bitcoin holdings.

The financial separation between the stock buyback and the crypto treasury gives the company room to act on both fronts. Trump Media noted that it may also consider buying back its outstanding convertible notes in the future, either through market purchases or private deals.

Trump Media has continued to expand its brand, which includes not only Truth Social but also the streaming service Truth+ and the fintech platform Truth.Fi.

The company did not disclose a specific timeline for the repurchase program but confirmed that all buybacks would be handled under standard market conditions.

With $3 billion in cash on hand, the company says it remains in a strong financial position to pursue multiple strategies simultaneously.

Trump Media Advances $2.3B Bitcoin Strategy With ETF Ambitions, SEC Filings, and New Partnerships

Following its $400 million stock buyback announcement, Trump Media & Technology Group (TMTG) is doubling down on its digital asset push, with a $2.3 billion Bitcoin treasury plan now fully in motion.

On May 30, the company confirmed it had raised $2.44 billion through a private placement involving nearly 50 institutional investors. The raise included 55.9 million shares at $25.72 and $1 billion in zero-coupon convertible notes, with proceeds earmarked for Bitcoin acquisition and general operations.

According to Trump Media, the move indicates a long-term shift toward holding Bitcoin as a core treasury asset.

Just weeks later, on June 13, the U.S. SEC approved TMTG’s S-3 registration statement, a key step in launching its large-scale Bitcoin treasury strategy. The approval adds regulatory backing to one of the most ambitious crypto plays by a U.S. public company.

Then, on June 16, TMTG filed for a Truth Social Bitcoin and Ethereum ETF, seeking to list the fund on NYSE Arca. The proposed ETF would allocate 75% to Bitcoin and 25% to Ethereum, with Crypto.com acting as custodian and execution agent.

If approved, the fund could offer direct crypto exposure to retail and institutional investors under the Truth.Fi brand.

TMTG also announced plans to expand its ETF offerings into other sectors, including energy, via a partnership with Yorkville America Digital and Crypto.com.

Together, these moves position Trump Media as a growing force in crypto finance, blending political branding with Bitcoin-backed financial products at a scale few U.S. companies have attempted.

The native asset of a Bitcoin (BTC)-focused decentralized finance (DeFi) project defied the crypto market doldrums and skyrocketed by more than 55% this week.

Threshold Network powers tBTC, a decentralized wrapped Bitcoin that can be used throughout DeFi ecosystems.

The project’s native token, T, is trading at $0.0223 at time of writing, up from $0.0143 one week ago. The 236th-ranked crypto asset by market cap is also up nearly 48% in the past 24 hours alone.

T’s price surge largely materialized after Threshold Network announced on Thursday that it planned to restructure its decentralized autonomous organization (DAO) to reduce annual operational costs by approximately $1.1 million.

Explains the project,

“Added to the more than $8.5 million in annual savings expected from the elimination of tBTC staking rewards, this sets the stage for significant profitability moving forward.

Cost efficiency also allows the DAO to eliminate treasury sales of T tokens, enabling it to strategically reinvest in T token. The DAO treasury will continue to accrue tBTC via bridge fees and T tokens via buybacks as per TIP-54. 

Threshold has already completed its first purchase of ~30 million T tokens for 5.8 tBTC…

Given the tight economic linkage between T and tBTC, this shift is expected to create a virtuous cycle of growth, where increased Total Value Locked (TVL) and bridge velocity drive T’s value, attracting further participation and reinforcing the ecosystem’s expansion.”

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Jupiter Exchange, a leading decentralized trading aggregator on Solana, announced plans to allocate 50% of its protocol fees toward repurchasing and locking JUP tokens for three years, starting Feb. 17.

The initiative, which aims to reduce circulating supply and increase long-term stability, is part of Jupiter’s broader strategy to enhance platform sustainability and drive deeper engagement within the Solana ecosystem.

Shift from token burns to locked buybacks

The exchange will roll out a dedicated dashboard next week, offering transparency into its buyback operations.

The dashboard will provide real-time tracking of repurchased JUP tokens and their subsequent locking process, allowing community members to monitor the initiative’s impact.

Jupiter’s latest buyback effort follows a similar initiative in January, when the exchange used 50% of protocol fees to buy back and burn JUP tokens, contributing to a 60% increase in the token’s market value.

However, the shift from burning to locking suggests a long-term commitment to supply management rather than short-term price action. By locking the repurchased tokens for three years, Jupiter aims to align incentives with sustained platform growth while maintaining liquidity for active trading.

Expanding Jupiter’s presence

The buyback initiative follows key discussions at the recent Catbedsault Conference, where Jupiter executives detailed upcoming platform enhancements and hinted at potential acquisitions to strengthen its role within the Solana ecosystem.

The exchange has positioned itself as a major player in Solana’s DeFi space, facilitating efficient token swaps and liquidity aggregation for traders and developers.

Jupiter’s decision to introduce a structured buyback program mirrors broader trends in the crypto industry, where exchanges and protocols increasingly use supply control mechanisms to stabilize token value and incentivize user participation.

Major platforms have employed similar strategies, including Binance Smart Chain’s BNB burns and MakerDAO’s buyback-and-burn approach for MKR governance tokens.

Mentioned in this article

While much of the investing world has been focused on artificial intelligence, one under-the-radar stock winner over the past year has been AT&T (T -0.08%). Shares of the telecom giant are up by more than a third in the past 12 months. The stock got another boost after the company posted solid fourth-quarter results and indicated it would implement a big buyback.

Let’s take a closer look at AT&T’s Q4 results to see if the stock is still a buy.

Solid subscriber growth and a big buyback ahead

AT&T continues to see solid subscriber growth in its wireless and broadband businesses, helped by its bundling strategy. In the fourth quarter, it added 839,000 retail postpaid subscribers, including 482,000 retail postpaid phone additions. However, it lost 119,000 prepaid subscribers, as this segment continues to feel the aftermath of the end of the Affordable Connectivity Program (ACP) last spring.

Overall mobility segment revenue increased 3.3% to $23.1 billion. Mobility service revenue and equipment sales each rose by 3.3% to $16.6 billion and $6.6 billion, respectively. Postpaid phone average revenue per subscriber (ARPS), meanwhile, rose 0.9% to $56.72.

Turning to broadband, AT&T added 307,000 fiber subscribers and 158,000 internet air subscribers. The company lost 184,000 non-fiber subscribers as they continued to switch to faster options. Broadband ARPS jumped by 6.2% to $69.69, while fiber ARPS climbed 4.7% to $71.71. Total consumer broadband revenue rose 3.4% to $3.5 billion, while fiber revenue climbed 7.8% in the quarter to $2.9 billion.

On the downside, AT&T’s business wireline segment saw a 10% decline in revenue to $4.6 billion. The segment flipped from an operating profit of $165 million in Q4 of last year to a loss of $211 million this year. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for the segment sank 22% to $1.2 billion.

Total revenue edged up 0.9% to $32.3 billion, while adjusted earnings per share (EPS) was unchanged at $0.54. The results topped analyst expectations for adjusted EPS of $0.50 on revenue of $32 billion, as complied by LSEG.

For the year, AT&T generated $18.5 billion in free cash flow in the quarter and paid out $8.2 billion in dividends. The stock currently has a forward dividend yield of about 4.7%. AT&T has held its quarterly dividend, about $0.28, steady since May 2022.

In its release, AT&T said it would spend some $40 billion on dividends and buybacks over the next three years. It has $20 billion pegged toward buybacks and $20 billion toward dividends. It earlier hinted it could possibly raise its dividend, noting it should have an additional $10 billion that could go toward additional dividends, buybacks, or investments. Buybacks are planned to begin in the second half on 2025.

For 2025, the company is looking for full-year revenue growth to be in the low single digits with mobility service revenue growing by 2% to 3% and broadband revenue growing by mid-teens. It expects adjusted EBITDA to grow by about 3% and adjusted EPS of between $1.97 to $2.07, which would be down from $2.26 in 2024. It forecast free cash flow to be more than $16 billion.

It plans to spend around $22 billion modernizing its wireless network and expanding its fiber offering. It plans to exit its copper network by 2029. It’s also looking to save $3 billion a year in costs by the end of 2027.

Image source: Getty Images.

Is AT&T stock still a buy?

While AT&T and Verizon Communications (VZ -0.47%) have been putting up similar results, AT&T stock has been nicely outperforming. It’s done a nice job of adding wireless and broadband subscribers, as its investments in 5G and fiber have been paying off. It continues to build out its fiber network to pass through more homes, which is driving growth.

Similar to Verizon, it is also seeing weakness in its business wireline segment, as well as with prepaid subscribers. Like Verizon, it also generates a lot of free cash flow. The company appears set to direct most of its excess cash toward buying back stock. Verizon, meanwhile, is in the midst of a large acquisition of Frontier Communications.

AT&T’s strong stock performance has vaulted it ahead of Verizon in terms of valuation, with it now having a forward price-to-earnings (P/E) multiple of about 11.4 based on 2025 earnings estimates. That compares to a forward P/E of 8.5 for Verizon. Historically, Verizon has had the higher multiple.

T PE Ratio (Forward) data by YCharts

AT&T has been doing a nice job, but because of the valuation gap I currently prefer Verizon. The two companies’ operational results have been quite similar recently, but investors seem to prefer AT&T’s capital allocation moves more than Verizon’s.

Both stocks, however, look to be solid long-term investments with steady business models that generate a lot of free cash flow.