The Ethereum treasury company SharpLink has begun executing a $1.5 billion share buyback plan

ChainCatcher news, according to official sources, the Nasdaq-listed Ethereum treasury company SharpLink has begun executing a $1.5 billion share buyback plan, repurchasing approximately 1 million shares of SBET.

SharpLink stated that it believes its stock is significantly undervalued. Repurchasing shares when the net asset value (NAV) is below 1 will immediately enhance earnings and bring a compounding effect on long-term shareholder value.