On August 22nd, SharpLink Gaming, Inc. (NASDAQ: SBET) received board approval for a plan to repurchase up to 1.5 billion USD in shares. This initiative aims to optimize capital allocation and strengthen market performance.
As a major Ethereum holder, SharpLink seeks to encourage the adoption of Ethereum. The buyback will proceed if the stock price drops below the net asset value of their Ethereum holdings, utilizing various legal methods based on market conditions.
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