ChainCatcher news, according to official sources, Nasdaq-listed Bitcoin mining company Hut 8 has announced the launch of a $500 million ATM (at-the-market) program and a $250 million stock buyback plan. The company intends to use the net proceeds from the sale of common stock under the ATM program for growth initiatives, including the acquisition or development of power and digital infrastructure assets such as data centers, as well as purchasing Bitcoin as a strategic reserve asset. The net proceeds may also be allocated to other capital expenditures and investments, working capital, repurchasing issued securities, repaying debt, and other general corporate purposes.

ChainCatcher news, Numbers released a report stating that the team completed the tenth quarter of the burn and buyback plan on June 30, 2024. A total of 6,000,251 NUM have been removed from circulation. Numbers stated that it will continue to run the burn and buyback plan until 100% of all NUM (500 million) are burned.

ChainCatcher news, the decentralized cloud platform OORT project foundation announced on platform X that it will soon launch the Q3 token buyback plan, with funds coming from approximately 30% of the second quarter's revenue, totaling no less than $600,000.Since the OORT token was listed in January 2024, the OORT foundation has destroyed a total of 3.25 million OORT tokens, accounting for 0.16% of the total supply and about 2.5% of the current circulation. In addition, OORT will officially launch on a leading DEX in July, which is seen as another significant event to enhance the accessibility and usability of OORT.

ChainCatcher news, according to the Snapshot page, the Gnosis DAO community has approved the proposal to "implement a $30 million GNO buyback plan" with a support rate of 81.9%. The proposal suggests allocating approximately 5% of Gnosis DAO's assets (mainly SAFE, ETH, and stablecoins) to fund the $30 million buyback plan, aimed at keeping the GNO price above its book value.The proposal recommends splitting the $30 million into two equal parts, allocated to specific strategies:$15 million in CoW-TWAP orders, to be executed at any price below the dynamically calculated book value over the past six months.$15 million to be fully managed by Karpatkey, allowing them to take advantage of the most favorable opportunities. The proposal states that the specific details regarding asset composition, trading venues, and financing buyback methods (e.g., converting altcoins to ETH for use in this plan through market makers, OTC trading, or on-chain trading) will be managed by Karpatkey.

ChainCatcher news, according to Bloomberg, informed sources revealed that Elliott Management has acquired a significant stake in SoftBank Group Corp. and is pushing for a $15 billion buyback plan.According to the FT, Elliott has accumulated shares worth over $2 billion and has been in contact with SoftBank executives in recent months. Elliott believes that such a large-scale stock buyback will help founder Masayoshi Son convey his confidence in SoftBank to the market. The company's stock price rose 4.6% in Tokyo.This is Elliott's second attempt at SoftBank, which was once one of the largest and most influential technology investment firms in the world. Elliott accumulated about $3 billion in shares in 2020, after which SoftBank significantly accelerated its buyback pace. Elliott later sold most of its stake in SoftBank.A representative from SoftBank declined to comment. A representative from Elliott did not immediately respond to a request for comment.In recent years, SoftBank has reduced its bets on startups. After the value of key assets like Arm Holdings Plc soared, the company is preparing to increase its investments in artificial intelligence and other areas.

ChainCatcher news, cryptocurrency fund Thanefield Research has initiated a proposal vote for a "$30 million GNO buyback plan" in the Gnosis DAO community.Nay indicates that GNO is severely undervalued relative to its book value, and to address this issue, a large-scale buyback plan is proposed. The plan aims to implement a $30 million buyback within six months, accounting for approximately 5% of Gnosis DAO's assets.

ChainCatcher news, Bitdeer Technology Group, a mining company under Wu Jihan, announced today that its board of directors has approved a new stock repurchase plan, under which the company may repurchase up to $2,000,000 worth of its Class A common stock ("Shares").Under the share repurchase plan, Bitdeer may purchase its shares through various means, including open market transactions, privately negotiated transactions, any combination thereof, or other legally permitted methods. The company may conduct repurchase transactions in accordance with the amended Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934. The number of shares repurchased and the timing of repurchases will depend on various factors, including but not limited to price, trading volume, and general market conditions, as well as Bitdeer's working capital needs, general business conditions, and other factors.

ChainCatcher news, Bitdeer, a mining company under Wu Jihan, has launched a $1 million Class A common stock repurchase program, which has been approved by the board of directors and is valid until September 15, 2023. According to the share repurchase plan, Bitdeer can purchase its shares through various means, including open market transactions, privately negotiated transactions, any combination thereof, or other legally permitted methods. (Source link)

ChainCatcher news, the liquid staking protocol Lido community has released a new proposal, planning to introduce the LDO staking module and buyback plan, allowing token holders to stake LDO in exchange for a portion of Lido DAO's revenue (through the LDO buyback and distribution plan), which includes distributing 20-50% of future Lido DAO revenue (specific parameters based on governance decisions) to LDO stakers weekly through the buyback and distribution mechanism. (source link)

ChainCatcher news, cryptocurrency asset management company CoinShares announced that it will repurchase 196,654 shares of common stock through two block trades with two shareholders, at a repurchase price of 24 Swedish kronor per share, for a total repurchase amount of 4,719,696 Swedish kronor (approximately $453,000). CoinShares expects the block trades to be settled in cash and to be completed by January 20, 2023. (source link)

ChainCatcher message, BitDAO's vote on the proposal BIP-18 "BIT Buyback Plan" has concluded, with 148 million BIT votes in favor and only 5 BIT votes against, thus the proposal has passed.It is reported that the proposal suggests setting a target daily purchase amount of 2 million USDT per day starting from January 1, 2023, for a duration of 50 days (totaling 100 million USDT). (source link)

ChainCatcher news, the BitDAO community has opened voting on the proposal for the BIT buyback plan, which aims to be part of its DAO deployment strategic plan. The proposal suggests setting a target daily purchase amount of 2 million USDT per day for 50 days (totaling 100 million USD), starting from January 1, 2023, as part of the DAO capital deployment strategy.After purchasing BIT, the BitDAO treasury will still hold 300 million USDT/USDC and 270,000 ETH (approximately 345 million USD). The proposal states that this should be sufficient to cover over 5 years of BIT product development. Currently, the proposal has a support rate of 100%, and voting will end on December 31. (source link)