Overview

• Authorization covers up to $1.5 billion in repurchases through open‑market buys or privately negotiated transactions with no obligation to purchase a set amount.
• SharpLink reports roughly 740,760 to 740,800 ETH on its balance sheet, placing it among the largest corporate Ethereum holders.
• The company describes the plan as a disciplined tool to act when equity markets undervalue its ETH position versus issuing new shares.
• SBET shares traded more than 10% higher to about $19.85 on Friday morning following the announcement, according to CoinSpectator.
• Market watchers expect volatility around Jerome Powell’s Jackson Hole remarks, and some analysts on social media cite bullish technicals for ETH with higher targets as a possibility.