Share Buybacks in the Crypto Age: What You Need to Know
It’s been fascinating to see how companies are pivoting towards crypto assets for their share buybacks. This shift isn’t just a passing trend; it’s a new frontier in corporate finance that could reshape how firms manage their capital. By using cryptocurrencies like Ethereum, companies can increase shareholder value while contending with the ups and downs of digital asset prices. This strategy allows them to turn their crypto reserves into a tangible financial advantage, possibly boosting their stock prices in the process.
Take ETHZilla, for example. Recently, they decided to sell $40 million worth of Ethereum to fund a share buyback program. They aim to lessen the gap between their share price and its intrinsic value. This move…
