SharpLink Expands Share Buyback and Ethereum Holdings
- SharpLink repurchased one million shares of SBET at an average price of $16.67.
- The firm has utilized approximately $32 million out of its $1.5 billion stock buyback program.
- Shares of SBET decreased by 2.62% in the last day, currently trading at $16.33.
- SharpLink added around 922 ETH, valued at approximately $4.1 million, to its treasury since August.
- The firm now holds a total of 838,152 ETH, valued at about $3.7 billion, making it the second-largest publicly traded ETH treasury.
SharpLink Gaming is actively increasing shareholder value through strategic share buybacks and expanding its Ethereum holdings, demonstrating confidence in its undervalued stock and commitment to digital assets.
By purchasing nearly two million shares and holding a substantial Ethereum treasury, SharpLink aims to align long-term interests with shareholders while leveraging digital asset growth potential. Source
