SharpLink Approves $1.5 Billion Share Buyback Plan, Strengthens Ethereum Holdings Strategy

SharpLink Gaming, Inc. (NASDAQ: SBET) announced that its board of directors has approved a share repurchase program of up to $1.5 billion to optimize capital allocation and support market performance. SharpLink is one of the world's largest corporate holders of Ethereum (ETH) and is committed to driving widespread adoption within the Ethereum ecosystem. The program aims to mitigate dilution by repurchasing shares in the event that the company's stock price falls below the net asset value (NAV) of its ETH holdings. Repurchases will be made through open market purchases, privately negotiated transactions, or other legally binding means, based on factors such as market conditions, stock price, and trading volume. The program may be suspended or terminated at any time.