SharpLink Gaming approves $1.5B stock buyback to boost Ether treasury

SharpLink Gaming, the second-largest Ether corporate treasury with $3.14 billion in ETH, approved a $1.5 billion stock repurchase program.

SharpLing Gaming, one of the largest Ether corporate treasuries, authorized a $1.5 billion stock buyback program.

In a Friday announcement, SharpLink Gaming said it authorized the repurchase of $1.5 billion worth of shares as part of its “disciplined capital markets strategy.” No repurchases have been made so far.

The firm’s Co-CEO Joseph Chalom said the firm will consider buybacks when its stock trades at or below the net asset value of its Ether (ETH) holdings. “This program provides us with the flexibility to act quickly and decisively if those conditions present themselves,” Chalom added.

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