Gaming firm SharpLink has authorized a massive $1.5 billion buyback program for its own stock, signaling a strategic move to bolster its financial position and increase shareholder value. This decision follows recent acquisitions of Ethereum (ETH), including 143,593 ETH valued at $667 million. The company currently holds approximately 740,800 ETH worth about $3.1 billion. This buyback strategy aligns with SharpLink’s expansion in the Ethereum market and aims to enhance its ETH-per-share ratio, strengthening investor confidence. 2023 saw Sharplink become one of the largest corporate holders of Ethereum, significantly expanding their treasury holdings through a strategic shift towards an Ethereum-based treasury model, spearheaded by co-CEO Joseph Chalom. This move has been driven by Ethereum co-founder Joseph Lubin who is now chairman of the firm. The buyback program highlights SharpLink’s commitment to leveraging Ethereum as a core asset and its focus on driving growth through strategic investments. It also underscores the increasing popularity of this approach, with other large Ethereum treasury holders adopting similar strategies.