Ethereum Treasury Giant SharpLink Launches $1.5B Buyback Program

SharpLink Gaming, a leading Ethereum treasury firm, has initiated a $1.5 billion share repurchase program following its stock trading below its Net Asset Value (NAV). The company commenced the buyback with the acquisition of approximately 939,000 shares at an average price of $15.98, as per their statement. This move resulted in a notable rise in SharpLink’s share price, closing Tuesday’s trading session at $16.69 after an increase of 6%. The buying activity continued post-market hours with the stock price climbing an additional 0.48%.