Sharplink, the second-largest Ether treasury company, has launched a $1.5 billion share buyback plan to boost its stock trading below net asset value. The company believes its stock is undervalued and aims to increase shareholder value through disciplined capital allocation. Analysts suggest crypto treasury firms consider buybacks when shares dip below NAV. Sharplink Gaming stock surged 6.51% on Tuesday, closing at $16.69 on Wednesday according to Google Finance. The company has repurchased 939,000 common shares at an average price of $15.98, aiming to increase NAV per share and boost stock price. Sharplink holds 837,230 ETH, valued at $3.59 billion, with nearly 100% staked to earn rewards generating revenue for the company. NYDIG suggests treasury firms set funds aside for buybacks to support shares if they trade below NAV. Magazine: Can Robinhood or Kraken’s tokenized stocks ever be truly decentralized?

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