SharpLink Gaming Initiates $1.5B Buyback Program
SharpLink Gaming has recently launched a significant buyback program, investing $1.5 billion to repurchase approximately 1 million $SBET shares.
Key Highlights of the Buyback Program:
- Backed by a substantial $3.6 billion in staked ETH
- Maintains a debt-free balance sheet
- Historically refrains from issuing shares below 1x NAV
- Avoids utilizing the At-the-Market facility when trading under NAV
The decision to engage in this buyback is supported by SharpLink Gaming’s robust ETH treasury and prudent capital strategy, emphasizing a commitment to enhancing long-term value for shareholders.
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