$sbet Per yahoo finance, outstanding shares currently at 158.87M shares. 1.5B buyback at current prices is approx 75M shares or approx 44% less current shares outstanding. Basically a 2:1 reverse stock split.
$sbet almost done accumulating their 1M eth and used just a little over half the 5B raised. What are they doing to do with surplus cash? Buy more eth? Or buy back shares?