SharpLink Gaming, Inc. (SBET) Friday said its Board has authorized the company to buy back up to $1.5 billion of shares.
SharpLink noted that the timing and amount of repurchases under this program will depend on factors including market conditions, share price, trading volume among others.
"Should there exist periods where our stock trades at or below the net asset value (NAV) of our ETH holdings, it would be dilutive on an ETH per share basis to issue new equity through our capital raising efforts. In this scenario, the accretive course of action may be to repurchase our common stock. This program provides us with the flexibility to act quickly and decisively if those conditions present themselves," said Joseph Chalom, Co-Chief Executive Officer of SharpLink.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.