SharpLink Gaming has announced the repurchase of shares worth 15 million USD, indicating their stock is undervalued relative to 3.6 billion USD in ETH holdings. They bought approximately 939,000 shares at an average of 15.98 USD.
Following the buyback announcement, SharpLink’s stock rose 3.6% in pre-market trading. The company refrains from selling shares below net asset value to protect their ETH holdings, continuing to face challenges amidst a decline in digital asset treasury firms.
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