Wu learned that the Ethereum micro-strategy company SharpLink announced that its board has approved a stock repurchase plan, with an amount of up to 1.5 billion dollars for the company's common stock. The company stated that the repurchase of stock will be more valuable for growth when the stock price is below the net asset value of its ETH holdings. The repurchase will be conducted through the open market, private negotiations, or other legal methods, with specific timing and quantity dependent on market conditions, and the company has the right to suspend or terminate the plan at any time. SER data shows that SharpLink holds a total of 740.8k ETH, with a current NAV of 1.06; while Bitmine's NAV is also as low as 1.17.
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Wu learned that the Ethereum micro-strategy company SharpLink announced that its board has approved a stock repurchase plan, with an amount of up to 1.5 billion dollars for the company's common stock. The company stated that the repurchase of stock will be more valuable for growth when the stock price is below the net asset value of its ETH holdings. The repurchase will be conducted through the open market, private negotiations, or other legal methods, with specific timing and quantity dependent on market conditions, and the company has the right to suspend or terminate the plan at any time. SER data shows that SharpLink holds a total of 740.8k ETH, with a current NAV of 1.06; while Bitmine's NAV is also as low as 1.17.