Crypto groups spend record $640mn buying back their own tokens

Cryptocurrency firms have spent a record $640 million repurchasing their own tokens, mirroring corporate buyback strategies in traditional equity markets amid a prolonged downturn in the digital asset sector.

31 Aug, 04:00 — 31 Aug, 04:00

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FTVery High4h ago

Crypto groups spend record $640mn buying back their own tokens

Firms employ similar strategy to equity market repurchases in response to prolonged slump in digital assets sector

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Crypto groups spend record $640mn buying back their own tokens

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Crypto groups spend record $640mn buying back their own tokens

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