Sharplink, the second-largest Ether treasury company, has initiated a $1.5 billion share buyback plan to enhance stockholder value as its shares trade below their net asset value (NAV). Co-CEO Joseph Chalom emphasized that maximizing shareholder returns is the company's top priority, as they believe the market undervalues their business. The buyback program began with the repurchase of 939,000 common shares at an average price of $15.98. This strategic move aims to increase the NAV per share and boost stock prices, which have decreased 25.29% over the past 30 days. Currently, Sharplink holds approximately $3.59 billion in Ether, with nearly all of it staked to generate revenue. Additionally, an analyst from NYDIG advised crypto treasury firms like Sharplink to consider buybacks under such conditions, advocating for the safeguarding of funds for potential buybacks. The recent buybacks reflect Sharplink's confidence in its long-term strategy and commitment to disciplined capital allocation.

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