SHARPLINK GAMING KICKS OFF $1.5B BUYBACK PROGRAM

Summary from the TLDR Crypto newsletter

SharpLink Gaming (SBET) has begun executing its $1.5 billion share repurchase plan, buying back 939,000 shares at an average $15.98. With 837,000 ETH ($3.6B) staked and no debt, the company says repurchases are “immediately accretive” while shares trade below NAV, boosting ETH per share for remaining holders. Staking income of $67M–$151M annually plus cash reserves will also help fund additional buybacks as SharpLink prioritizes capital allocation over equity issuance.