Digital asset custodian BitGo is buying back $50 million in shares, as its stock trades 65% below its IPO price in a tough market for crypto firms.
Nakamoto, a Nasdaq-listed Bitcoin firm, has sold $48 million in BTC to reduce debt and authorized a share buyback program.
Nakamoto Inc. recently sold 600 Bitcoin to reduce its debt by $45 million, refinanced its remaining loan, and authorized a $25 million share buyback program.
OranjeBTC, a leading Latin American corporate Bitcoin treasury company, acquired 20 BTC and repurchased shares, boosting its per-share Bitcoin exposure.
ProCap Financial strategically sold 52 Bitcoin to repurchase two million shares at a significant discount, boosting shareholder value.