SharpLink Gaming launches $1.5 billion stock repurchase program, repurchasing 1 million shares
Source: Binance
Time: 2025-09-09 20:21:14
According to Shenchao TechFlow, SharpLink Gaming disclosed that it has begun to implement its $1.5 billion stock repurchase plan and has now repurchased about 1 million shares of SBET shares. The company believes that its stock value is undervalued and that the buyback will add value and bring compound growth to long-term shareholders.
SharpLink Gaming stressed that it holds $3.6 billion in Ethereum (ETH) on its balance sheet and generates revenues almost entirely. The company is debt-free and has never issued shares at a price less than 1 times the net asset value.