Ethereum Treasury Sharplink Starts Stock Buy-Back, SBET Climbs
Ethereum Treasury SharpLink Gaming (SBET) has begun using its $1.5 billion stock buyback program, starting with the purchase of $15 million worth of SBET shares. “Maximizing stockholder value remains our top priority as we execute on our vision of being the most trusted ETH treasury company in the market,” said SharpLink Co-CEO Joseph Chalom in a statement. “With a robust balance sheet, zero debt, and a powerful ETH treasury generating income, we are in a position of strength. We believe the market currently undervalues our business, and rather than issue equity while trading below NAV, we are focused on disciplined capital allocation – including share repurchases – to increase stockholder value.” SharpLink Gaming maintains the second-largest publicly traded Ethereum treasury with 837,230 ETH valued at around $3.6 billion. Also Read: Ethereum Recovery Eyes $4,811 Pivot Before $8,500 Target: Here’s How Ethereum is currently one of the leading market assets, gaining a steady price surge...