SharpLink Gaming has repurchased $15 million of its stock, highlighting that its shares trade below the firm’s $3.6 billion in ethereum holdings.

Kraken has rolled out its tokenized equities product xStocks to millions of clients across the European Union, giving investors direct blockchain-based access to U.S. markets.

Metaplanet plans to raise $1.4 billion through an international share sale to expand its already sizable bitcoin holdings, making it the largest treasury raise in Japan’s crypto sector.

Top stories in the Crypto Roundup today:

• SharpLink Buys Back $15M in Stock Trading Below ETH Holdings Value
• Kraken Launches Tokenized U.S. Stocks for EU Clients via Solana
• Metaplanet Plans $1.4B Share Sale to Boost Bitcoin Treasury

SharpLink Buys Back $15M in Stock Trading Below ETH Holdings Value

SharpLink Gaming has repurchased $15 million of its stock, highlighting that its shares trade below the firm’s $3.6 billion in ethereum holdings.

The Nasdaq-listed treasury company, led by Ethereum co-founder Joe Lubin, bought back about 939,000 shares at an average of $15.98, saying the move reflects confidence in its long-term strategy. Shares rose 3.6% in pre-market trading Tuesday, while ETH climbed more than 1% since the prior day’s close.

Nearly all of SharpLink’s holdings are staked, providing yield, but the stock’s 0.87 multiple of net asset value has curbed its ability to issue shares for further ETH purchases. Executives stressed that tapping its at-the-market facility while trading below NAV would dilute per-share ETH, a key metric for investors.

The buyback comes as publicly listed digital asset treasuries face pressure from falling crypto markets. BitMine, which holds roughly $9 billion in ETH, has also dipped below the 1x NAV mark. Both firms’ shares are down 60%-70% since July peaks.

Kraken Launches Tokenized U.S. Stocks for EU Clients via Solana

Kraken has rolled out its tokenized equities product xStocks to millions of clients across the European Union, giving investors direct blockchain-based access to U.S. markets.

The expansion, built in partnership with Swiss fintech firm Backed, lets eligible EU users trade tokenized versions of popular U.S. stocks and ETFs through the Kraken app. These SPL tokens on Solana track the value of underlying equities and can be held in wallets, moved across platforms, or integrated into DeFi protocols.

Mark Greenberg, Kraken’s global head of consumer, said the move addresses longstanding friction in accessing U.S. securities from abroad, describing the rollout as a key step in the exchange’s European growth strategy. The launch comes with 24/5 trading hours, bypassing traditional brokerages while giving investors self-custody of their assets.

Industry analysts expect tokenized markets to reach trillions of dollars by the 2030s. Kraken plans to extend xStocks beyond Solana to Ethereum, BNB Chain and TRON

Metaplanet Plans $1.4B Share Sale to Boost Bitcoin Treasury

Metaplanet plans to raise $1.4 billion through an international share sale to expand its already sizable bitcoin holdings, making it the largest treasury raise in Japan’s crypto sector.

The Tokyo-listed firm, which owns 20,136 BTC and ranks sixth globally among public companies, priced 385 million new shares at 553 yen each. Its stock jumped 16% to 714 yen on Wednesday on record trading volumes.

Proceeds from the offering will direct 183.7 billion yen into bitcoin purchases during September and October, with another 20.4 billion yen earmarked for its bitcoin income generation business. Nakamoto Holdings, founded by Trump adviser David Bailey, committed $30 million to the offering, sending its own shares up 77% on Tuesday.

When the sale is complete, Metaplanet’s outstanding shares will rise above 1.14 billion, underscoring its aggressive bid to cement its role as Japan’s leading corporate bitcoin holder.

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