Crypto groups spend record $640 million on token buybacks
Cryptocurrency companies have spent a record $640 million repurchasing their own tokens, the Financial Times reports. The groups are using a strategy similar to listed-company share buybacks after a prolonged digital-asset slump. The available feed does not identify the largest buyers or explain how the repurchases were financed and distributed among token holders.
Why it matters
Token buybacks are becoming a major attempt to support prices during a sustained crypto downturn.
Sources
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Part of the August 31, 2026 brief.