Ethere (Smet) It has authorized the stock purchase program of up to $ 1.5 billion.
Sharplink, led by ETHEREUM co -founder and CEO of Consensys, Joseph Lubin, said it will make the one -time repurchase and the amounts that depend on market conditions and the stock price In the Friday announcement.
“In the event of periods of our shares trading in or less than the net value of our ETH property assets, it will be diluted on the basis of ETH Piraans to issue new shares through our capital collection efforts.”
“In this scenario, the accumulated course of work may be to purchase our shared shares.”
A company based in Minneapolis Holds 740,760 ETH3.19 billion dollars at current prices. Several companies have revealed the strategies In recent months to pick up the bullish trend of generating negative return through Eth Stokeing.
Sharplink The shares were traded more than 10 % At $ 19.85 on Friday morning after the announcement of the re -purchase program, and with the rise of Bitcoin after it opened the comments of the Federal Reserve Chairman Jerome Powell the door to reducing the September price.
Read more: Powell puts the low interest rate in September. Bitcoin pays above
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