SharpLink Gaming has initiated a major stock buyback program, authorizing $1.5 billion to repurchase shares. This strategic move, fueled by increased investor confidence in Ethereum-related strategies, resulted in a 10% surge in the company’s share price. Joseph Chalom, Co-CEO of SharpLink Gaming, explained that this buyback is driven by an opportunity to enhance the ETH-per-share ratio when stock prices are below their net asset value (NAV). Chalom emphasized that repurchasing shares allows SharpLink to act swiftly and decisively if market conditions favor this strategy. 10% share increase reflects investor confidence in the company’s commitment to Ethereum strategies amidst growing financial activity.