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  • Qadir AK
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    Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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SharpLink Approves $1.5B Stock Buyback Backed by Ethereum Holdings

SharpLinkโ€™s board approved a stock repurchase program of up to $1.5 billion in common shares. The firm said buybacks are most value-accretive when its share price falls below the net asset value (NAV) of its Ethereum holdings. According to SER data, SharpLink holds 740.8k ETH with a current NAV of 1.06. For context, Bitmineโ€™s NAV stands at 1.17. The plan signals confidence in SharpLinkโ€™s balance-sheet-backed value and aims to enhance shareholder returns through disciplined buybacks.

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