Sharplink Gaming Announces $1.5B Stock Buyback, Shares Surge 15%
Sharplink Gaming Inc. (Nasdaq: SBET) unveiled a $1.5 billion stock repurchase program, triggering a 15% rally in its shares during Friday's trading session. The aggressive capital return strategy signals confidence in the company's financial health and growth prospects.
Investors cheered the move, interpreting the buyback authorization as a bullish signal. The market reaction underscores the growing appetite for shareholder-friendly policies in the crypto-adjacent gaming sector.