CoinShares Board Approves Share Buyback of Up to $40 Million

CoinShares approved a program to repurchase up to $40 million of its ordinary shares, directing capital from recent sales of Ether and Solana treasury holdings toward the purchases. CoinShares announced the board-approved plan Oct. 27 under authority shareholders granted at an extraordinary general meeting Sept. 15. Shareholders approved authority for CoinShares to repurchase up to 25% of its outstanding ordinary shares. That broader authorization runs through Sept. 15, 2031, while the new program has a separate dollar cap and is authorized until the next annual general meeting, expected in the second quarter of 2027. The shareholder vote was covered earlier.

Source: TokenPost