SharpLink has increased its Ethereum holdings by purchasing 19,271 ETH for approximately $75 million, bringing its total to nearly 860,000 ETH. This treasury, worth around $3.5 billion, positions SharpLink as a significant player in the Ethereum ecosystem.
SharpLink Gaming has initiated a $1.5 billion share repurchase program, buying back 939,000 SBET shares at an average price of $15.98. The company, which holds approximately $3.6 billion in ETH and has no debt, believes its shares are undervalued and aims to enhance stockholder value through disciplined capital allocation.