buyback

NVIDIA (NVDA.O) announced an increase in the stock repurchase authorization scale by $150 billion.

The U.S. Securities and Exchange Commission's Division of Corporation Finance updated its frequently asked questions document on cryptocurrency assets on Friday, clarifying that token buybacks, network upgrades, and marketing promotions do not automatically make cryptocurrency assets securities. The division stated that announcing a buyback plan for an already functioning cryptocurrency network does not, by itself, make the associated tokens constitute an investment contract; however, for networks that are not yet operational, if the issuer promotes the buyback as a source of returns for holders, this conclusion may not necessarily apply.Regarding the ongoing development issues of cryptocurrency projects after their launch, the document pointed out that once a cryptocurrency system is operational, services used to protect, maintain, improve, or enhance that system and its functions, or to promote network effects, do not fall under the managerial efforts referred to in the Howey test. The existing uses of marketing networks generally do not create profit expectations, and statements regarding future functionalities are similarly true, provided that profit potential is not promoted. The document reiterated that specific judgments still heavily depend on the actual circumstances of each case.This document is based on the interpretive guidance issued by the SEC in March of this year regarding the application of securities laws to cryptocurrency assets, released just weeks after the Clarity Act failed to advance in the Senate, with regulators continuing to operate under existing laws. Additionally, the U.S. Commodity Futures Trading Commission updated its cryptocurrency FAQs on Thursday, stating that futures companies and clearinghouses may invest customer funds in tokenized versions of previously permitted assets, provided that investment and custody requirements are met; regulated companies may use blockchain for record-keeping but must be able to provide relevant records when the blockchain or its block explorer is not operational.

On-chain derivatives protocol Derive announced on X that a new governance proposal has been launched on the Derive forum, aiming to increase the proportion of protocol revenue allocated to DRV buybacks to 50%.Derive stated that community members can review the proposal and share their opinions, and the relevant discussion is now open. DRV is the protocol token of Derive, and this proposal involves the allocation ratio of protocol revenue used for token buybacks.

According to Chainwire, the crypto travel booking platform Travala and AVA Foundation announced a matching buyback arrangement. Travala will fund the buyback independently and in addition to the existing rewards supplementary buyback from AVA Foundation, increasing the monthly open market buyback amount from 1 times the member rewards to 2 times. The matched AVA purchased will be transferred to a new Travala AVA strategic reserve wallet, which is multi-sig custodial, and Travala commits that the AVA in it will never be sold or transferred out.Under the existing mechanism, AVA Foundation repurchases an amount of AVA each month equivalent to the amount of AVA distributed to AVA Smart members in the previous month and transfers it back to the ecological incentive wallet, with a historical total of 4,824,722 AVA repurchased. The first matched buyback has been completed: the Foundation repurchased 369,881.04 AVA in September, corresponding to the member rewards in August; Travala independently matched and purchased another 369,881.04 AVA, totaling 739,762.08 AVA. The Travala portion has been transferred to address 0x7bed1889c21d9eb3560463c14cd74fe29f2d03b6, and both buybacks can be verified on-chain separately.The AVA transferred to this wallet is permanently locked, with the monthly portion removed from the circulating supply and excluded from the official circulating supply through the AVA circulating supply interface. Travala will submit the reserve wallet address to CoinMarketCap and CoinGecko, and both parties will publicly report the numbers of the two buybacks each month.

Strategy is leveraging large-scale buybacks to push the price of perpetual preferred stock STRC back to around the $100 par value, in order to restore its Bitcoin financing capability. From July 20 to September 13, Strategy repurchased a total of 9.96 million shares of STRC, costing approximately $950 million, accounting for about 18% of the trading volume during the same period.Of this, approximately $765 million can be traced back to the sale of MSTR common stock, while about $161 million came from Bitcoin reductions. STRC had previously fallen to around $70 but has recently risen to about $99. Analysts believe that only when the price of STRC approaches or exceeds the $100 par value can Strategy effectively reissue the security and use the raised funds to purchase Bitcoin. However, after Strategy reduced its buybacks, whether STRC can continue to stay near the par value remains uncertain.

The on-chain trading platform GMX has released a governance proposal to allocate $10 million from the treasury to establish a GMX token market-making fund in the first phase. The fund will use the total chain merged open interest as a reference indicator. When the circulating market value of GMX is below the merged open interest, the focus will be on repurchases; when the circulating market value is not less than the merged open interest, it will shift to providing liquidity.The proposal also discloses the subsequent roadmap, including cross-collateral and cross-margin models, market segmentation, net open interest, RFQ, permissionless markets, Robinhood integration, and a new USDG LP product line, among others. In addition, GMX will initiate GT repurchases and distribute GT airdrops to GMX stakers, with specific details to be announced in future proposals.

Trader Bonk Guy posted that PONS's daily revenue over the past week has mostly been above 1.3 million to 2 million dollars, with no day in the last 7 days falling below 1.1 million dollars.Meanwhile, the PONS buyback wallet has currently accumulated nearly 3 million dollars in funds for the continuous buyback of PONS through the TWAP method, and the rate of supplementing fee income is currently faster than the rate of consumption of buyback funds.

Four.meme launches the BNC4 daily buyback and burn mechanism, which will take place from September 9 at 8:00 AM Beijing time to December 10 at 7:59:59 AM. Every day, 100% of the revenue generated from BNC4 products (including transaction fees and LP fees) will be used to buy back and burn the qualified community Meme token that ranks first in trading volume for that day.Eligible Meme tokens must meet three conditions: using BNC4 as pool assets, holders ≥ 3,000, and market capitalization ≥ 500,000 USDT.

NASDAQ-listed company Hyperion DeFi (NASDAQ: HYPD) announced on September 8, 2026, an upward revision of its full-year guidance for 2026 and initiated a common stock repurchase plan of up to $20 million. The company claims to be the first publicly listed DeFi company in the U.S. built on Hyperliquid. The full-year adjusted gross profit guidance has been raised from the previous $5 million to $7 million to $7 million to $8 million.The company expects adjusted net operating cash flow to turn positive in the third quarter of 2026, earlier than the previous expectation of "turning positive by the end of 2026"; and it anticipates that core operating income will turn positive in the third quarter, with adjusted gross profit from the core DeFi business expected to exceed operating expenses after excluding equity incentives for the first time. The adjusted gross profit guidance for the third quarter is $2 million to $2.5 million, with operating expenses after excluding equity incentives at $2 million to $2.25 million, and core operating income at $0 to $500,000.The board has authorized the repurchase of up to $20 million of common stock in circulation within a maximum of 12 months, which can be conducted through open market purchases, private negotiations, block trades, and other methods, with no specific quantity guaranteed. The plan may be extended, suspended, or terminated at any time. CEO Hyunsu Jung stated that the DeFi business has accelerated recently, and the core business in the third quarter is expected to achieve breakeven in terms of profit and cash flow, noting that HYPD common stock is currently trading at a discount of about 20% to 30% relative to net assets.

Castle Labs posted on platform X that in the past 44 days, the Robinhood chain contributed approximately 8.7 million dollars to the UNI buyback and burn, surpassing the total contributions of all other chains during the same period.

According to the Financial Times, blockchain data company Allium Labs reports that cryptocurrency projects have spent nearly $640 million to buy back their own tokens this year, amounting to $638 million, which is higher than $545 million during the same period last year, while the total for the entire year of 2024 is only $366,000.The perpetual contract exchange Hyperliquid and the meme coin issuance platform pump.fun together account for nearly 90% of the total buyback amount. Allium Labs' research director Elton Shehdula stated that projects conduct buybacks for "image incentives" to demonstrate confidence in their tokens; reducing supply after buybacks becomes another lever to support token prices.Hyperliquid uses 99% of its trading fee revenue for buybacks and cancellation of HYPE tokens, having repurchased and canceled tokens worth $1.3 billion since its launch in December 2024, with HYPE rising 70% in the past year. The decentralized finance platform Sky Protocol repurchased $26 million worth of tokens. Co-founder Rune Christensen stated that the protocol generated over $400 million in revenue in the past year, and buying back SKY tokens ensures that decision-makers remain aligned with the long-term success of the protocol.

According to the official announcement from the Ethena Foundation, the fee conversion vote has been approved, with 100% in favor. The programmatic ENA buyback will begin and will gradually scale up as indicators and milestones are achieved.Previously, on August 27, the Ethena Foundation announced four adjustments to the Ethena ecosystem, including the buyback of locked tokens held by early investors, further aligning the token with equity value, initiating a governance proposal for revenue buyback of ENA, and canceling future monthly VC investor unlocks.

According to FT, cryptocurrency projects have spent nearly $640 million repurchasing their own tokens this year. Amid a prolonged market slump, they are emulating common practices in the stock market, attempting to boost token prices.Data from blockchain analytics firm Allium Labs shows that the repurchase amount this year is $638 million, compared to $545 million during the same period last year, with only $366,000 for the entire year of 2024. The repurchase amounts from Hyperliquid and pump.fun account for nearly 90% of the total repurchase amount.

Messari researcher Anastasiia stated that the new version of Ethena's fee switch is proposed to trigger based on the 14-day average supply of USDe, gradually increasing the revenue extraction ratio at thresholds of $7.5 billion, $10 billion, $15 billion, and $20 billion, and redirecting part of the revenue originally used for sUSDe staking, partners, and Aave leveraged operations towards ENA buybacks.Backtesting shows that during the activation of the switch, the annualized buyback scale is approximately $52.7 million, equivalent to 3.36% of ENA's market cap at the reported price; at the same time, about 9.3% of activation days will cause the yield of sUSDe to fall below that of sUSDS.The Ethena Foundation released four ecological adjustments, including the launch of a buyback ENA governance proposal and the cancellation of monthly VC unlocks.

Virtu Financial, M1X Global, and Tradeweb have completed an on-chain repurchase transaction using the digital sovereign bond USDM1 issued by the Marshall Islands as collateral, with all settlements completed on the Canton Network within 10 minutes. The parties stated that this is the first case combining native-issued sovereign collateral with fully on-chain atomic settlement.USDM1 is a dollar-denominated sovereign bond issued on-chain by the Republic of the Marshall Islands, backed 1:1 by short-term U.S. Treasury securities, which continues to pay interest during the collateral period and is structured as a fully collateralized sovereign debt instrument under New York law. The bond is offered through the Tradeweb platform, with custodial services provided by Anchorage Digital, BitGo, and tZERO.Canton is a blockchain network designed for institutional finance, equipped with privacy and permission management features. Prior to this transaction, Tradeweb facilitated the real-time transfer of tokenized U.S. Treasury securities from Franklin Templeton to Virtu Financial on Canton in July. Since August, FalconX and Interstice have launched a cross-chain exchange engine connecting Canton with Ethereum, Solana, and Robinhood Chain, and World Liberty Financial has also natively issued the USD1 stablecoin on Canton.

According to Hong Kong Stock Exchange documents, Tencent Holdings (00700.HK) repurchased 672,000 shares on August 26, at a cost of HKD 300.4 million.

At last week's Bubble Mart 2026 mid-year performance press conference, Bubble Mart founder Wang Ning stated, "The first half of 2026 is a very special year for Bubble Mart. Despite the pressure and challenges, we have still delivered a satisfactory report card. We achieved over 20% growth in the first half of the year, with significant improvements in our IP matrix and organizational health. The performance of our new amusement park and dessert business exceeded expectations, and the brand's global recognition, favorability, and reputation continue to rise. The management team maintains long-term confidence in the group's future development."In addition, he stated, "The difficulties this year may be greater than we imagined, but we are confident in overcoming short-term challenges. In the next six months, we will initiate a share repurchase plan of no less than 2 billion yuan and no more than 5 billion yuan, which also proves our increasing confidence in the company's long-term development."