SharpLink Gaming Announces $1.5 Billion Stock Buyback Plan Fueled by Ethereum Holdings

SharpLink Gaming, a prominent player in the gaming industry and a leading Ether (ETH) holder, has approved a $1.5 billion stock repurchase program to boost its ETH holdings. The program is structured to maximize value when the company’s shares trade below their ETH NAV, representing a strategic approach to capital allocation and enhancing shareholder returns. 740.8k ETH are currently held by SharpLink, with an estimated NAV of $1.06. This move aligns with the company’s commitment to Ethereum as its primary treasury reserve asset. [Read more about how this buyback plan is structured]