buyback

The GMX governance forum has released the GMLabs-003 proposal, which plans to use all remaining protocol revenue after the GT buyback on the Solana side to repurchase GMX. The purchased tokens will be added to the staking rewards pool, and the GT buyback mechanism will remain unchanged.The proposal also intends to introduce a 180-day unbonding waiting period for existing and new GMX and esGMX staking positions on Arbitrum and Avalanche, calculated from the submission of the unbonding request, with the previously staked time not counted. Pending requests can be canceled, and existing positions do not need to be migrated. The above adjustments are scheduled to be implemented on October 28, depending on the readiness for implementation.

According to a report by the Korean News Agency, the storage chip manufacturer SK Hynix completed a large-scale stock buyback on the 21st, following Samsung Electronics in completing the related operation. The company stated that it completed a stock buyback worth 40 trillion won on the Korea Exchange, which lasted for two months.Previously, SK Hynix announced that it would invest 40.0434 trillion won to buy back 24.07 million shares, all of which would be canceled after the buyback, accounting for approximately 3.3% of the total issued shares, and stated that this is the largest stock cancellation operation by a listed company in South Korea. The original buyback period was set from August 20 to November 19, but it was completed about a month ahead of schedule.

According to data, yesterday and in recent days, global publicly listed companies in the U.S. stock market disclosed their latest official accounts regarding the allocation of crypto assets, stock buybacks, and capital structure optimization. The core updates are as follows:Strategy (NASDAQ: $MSTR) purchased 267 BTC, increasing the buyback limit to $3 billion: According to the latest 8-K document submitted by Strategy, the company bought 267 bitcoins at an average price of approximately $82,900 between October 12 and 18, 2026, totaling about $22.1 million (of which $22 million came from MSTR common stock ATM issuance, and $100,000 from its own USD Cash). During the same period, the company raised approximately $22 million through its ATM plan (selling 140,900 shares); additionally, it used USD Cash reserves to spend $193.1 million to repurchase 1,938,800 shares of STRC preferred stock. The company's board officially authorized the total amount for the digital credit securities buyback plan to be significantly increased from $2 billion to $3 billion (as of October 18, the remaining limit is approximately $1.16 billion). As of October 18, Strategy held a total of 848,517 bitcoins (with a total holding cost of approximately $64.02 billion, at an average price of approximately $75,446), with a USD Reserve balance of $4.83 billion and a USD Cash balance of $447.3 million.Strive (NASDAQ: $ASST) accumulated 4,045 BTC last week, with total holdings surpassing 36,800: According to the 8-K document submitted by Strive to the SEC, the company purchased 1,223 bitcoins at an average price of approximately $81,734 between October 14 and 16. Together with the previously disclosed 2,822 bitcoins purchased between October 12 and 13, Strive increased its holdings by a total of 4,045 bitcoins last week (with an average purchase price of approximately $82,803). As of October 16, its balance sheet held a total of 36,818 bitcoins, along with 505,000 shares of Strategy STRC preferred stock (with a fair value of approximately $49.35 million) and about $317.5 million in cash.BitMine (NASDAQ: $BMNR) increased its holdings by over 12,500 ETH last week, raising its total holdings to 6.04 million: Nasdaq-listed mining company BitMine disclosed that it increased its holdings by 12,535 ethers last week. As of October 18, 2026, its total ether holdings reached 6,041,481 ETH (approximately 4.9% of the total supply of ether in the entire network). Currently, the total value of the cryptocurrencies, cash, and other investment assets held by BitMine is approximately $15.1 billion (including $582 million in cash and securities, 215 BTC, $180 million in Beast Industries equity, and $74 million in Eightco investments). Among these, the staked ether remains at 5,067,309 ETH (accounting for 84% of total holdings), valued at approximately $12 billion, with a current annualized staking yield of about $309 million.SkyAI (NASDAQ: $SKYA) liquidated all SOL and launched a $201.3 million cash tender offer: Nasdaq-listed company SkyAI announced that it initiated a cash tender offer on October 16, intending to acquire up to 95% of all classes of issued common stock, various pre-financing warrants, and strategic warrants at a price of $3 per share/unit (approximately 0.95 times its net asset value mNAV), with a total acquisition amount of about $201.3 million (the offer will expire on October 30 at 12:00). SkyAI explicitly disclosed that as of October 16, the company held approximately $223.8 million in cash and had fully sold all SOL on its balance sheet, so the offer is no longer constrained by SOL price fluctuations, and the acquisition funds will be 100% covered by existing cash. SkyAI plans to maintain its Nasdaq listing status after the offer is completed, shifting its strategic focus to a comprehensive financial platform that combines Solana stablecoin payment channels with AI.

The Sun Wukong ecosystem will hold a deep roundtable discussion themed "When Buybacks and Burns Become the New Narrative of Web3: What Truly Determines Token Value, Is It the Deflationary Mechanism or Real Business?" on October 20 at 8 PM at X Space.This event will focus on the increasing attention Web3 projects are paying to the trends of token buybacks and continuous burns, exploring how to establish a closer connection between token value and ecological development. Invited industry KOLs will jointly analyze whether reducing circulating supply can bring long-term value, and whether buybacks and burns are a new engine for value growth or a long-term mechanism that requires real business support. Guests will discuss the market logic of buybacks and burns, the value creation of Web3 projects, and dissect the relationship between deflationary mechanisms, continuous business growth, and real user demand.

On October 19, WINkLink announced that the first round of the WIN buyback and burn plan, which will be launched in the third quarter of 2026, has been completed, with a total of 67,357,364,510 WIN (approximately 6.735736 billion) burned in this round.According to the plan, 100% of the revenue generated by WINkLink will be used for the WIN buyback, forming a continuous deflationary mechanism supported by protocol revenue. The details of this round of destruction and the on-chain transaction records can be publicly queried, and the execution process is transparent and verifiable. The implementation of the first round of buyback and burn marks a substantial step for WINkLink in optimizing token economics and building a long-term ecosystem, laying a foundation for the normalization of subsequent rounds.

WINkLink announced that the first round of the WIN buyback and burn plan, which will be launched in the third quarter of 2026, has been completed, with a total of 67,357,364,510 WIN (approximately 6.735736 billion) burned in this round.According to the plan, 100% of the revenue generated by WINkLink will be used for the WIN buyback, forming a continuous deflationary mechanism supported by protocol revenue.

JustLend DAO announced the cumulative results of the five rounds of buyback and destruction of $JST: a total of 1,881,973,007 JST has been destroyed, accounting for 19.01% of the total supply, with an estimated cumulative destruction value of approximately 118.15 million USD.This deflationary mechanism is built on the protocol's revenue, with each round of buyback and destruction transparently recorded through on-chain transactions, publicly verifiable, reflecting the continuous execution and traceability under the community governance framework. As the circulating supply gradually decreases, the long-term value support and ecological sustainability of JST are further strengthened, laying a solid foundation for the normalization of future buyback and destruction mechanisms.

On October 17, JustLend DAO announced that, according to the JST buyback and burn plan proposal officially approved by the community, the fifth JST buyback and burn was successfully completed on October 16, 2026 (SGT). The total amount of tokens burned this time reached 170,723,144 JST, and the related tokens have all been transferred to the black hole address. All transactions can be queried on-chain.This buyback and burn is an important step for JustLend DAO in continuously promoting the deflationary mechanism and implementing community governance resolutions. By reducing the circulating supply of JST, it further strengthens the value support of the token and the long-term sustainability of the ecosystem. From community proposal to on-chain execution, the entire process is open and transparent, providing a verifiable governance sample for the continued promotion of the buyback and burn mechanism.

BitTorrent announced that its brand upgrade is officially launched, and it has simultaneously completed the first quarter BTT buyback and destruction.BitTorrent now operates as a unified master brand, integrating content distribution, decentralized AI inference computing services, and Layer 2 infrastructure into an integrated service loop aimed at Web3 and AI. Meanwhile, 100% of the Q3 revenue generated from decentralized services has been used to buy back and permanently destroy 21,621,611,570,729.6 BTT (approximately 7.6 million USD) from circulation.The implementation of the unified master brand and deflationary economic model not only strengthens brand synergy and ecological resource integration but also transparently binds ecological growth and token value through buybacks and destruction, building a more sustainable infrastructure for Web3 and AI applications. Welcome to explore the upgraded BitTorrent and check the official announcement and destruction details.

Hyperliquid HIP-3 has generated a total revenue of 75 million USD, of which 37.5 million USD goes to the deployer, and another 37.5 million USD is used for the buyback and destruction of Hyperliquid's native tokens.HIP-3 is the mechanism for the deployer to launch perpetual markets on Hyperliquid, allowing the deployer to define the oracles and contract specifications and be responsible for operations, while reusing the protocol's order book and clearing infrastructure. The related market fees are usually shared between the deployer and the protocol in proportion, and the protocol's revenue can be used for buyback and destruction.

According to Metaplanet's announcement, the company has terminated the stock repurchase program of approximately $481 million (75 billion yen) set for October 2025, during which no shares were repurchased. The company stated that it prioritized using borrowed funds to purchase Bitcoin during this period.The company also mentioned that it prioritized advancing mergers and acquisitions, such as the acquisition of Metaplanet securities and strategic investments in Super League Enterprise, and was unable to implement repurchases while holding significant undisclosed information. Metaplanet announced the establishment of a new stock repurchase program of approximately $385 million (60 billion yen) on the same day.

According to reports from Major Factory Daily, ByteDance released a company-wide letter on October 13, initiating a new round of stock option repurchases, with a pre-tax repurchase price of $241.35 per share, the same as the price circulated in early September. Participants in this repurchase include former employees, with those who recently left due to business adjustments receiving the same repurchase price per share as current employees, with no discount.According to the company-wide letter, the repurchase amount is calculated based on each granted option. For total package and other types of options, such as those granted upon joining and adjustments to total packages, 50% of the shares that have vested in each batch can be applied for repurchase after vesting, increasing by 10% for each additional year thereafter. For performance-based options granted before January 1, 2026, 100% of the shares that have vested in each batch can be applied for repurchase after vesting; for grants on or after January 1, 2026, 55% can be applied for repurchase after vesting, increasing by 15% for each additional year thereafter. For bonus-based options, 50% of the shares that have vested can be applied for repurchase one year after the first vesting date, and 100% can be applied for repurchase after two years.The company-wide letter also indicated that total package options granted upon joining require approximately 5 years to achieve 100% vesting, while options granted for outstanding performance require about 3 to 4 years to achieve 100% vesting.

According to The Block, Nasdaq-listed Solana Treasury company DeFi Development Corp. (DFDV) announced that it has approved an open-ended buyback plan to repurchase all outstanding shares of its CHAD preferred stock, including any shares that may be issued in the future.The plan gives the company flexibility to repurchase when the trading price of CHAD is below the $10 par value. The company stated that it does not intend to immediately buy back CHAD but hopes that the preferred stock will stabilize near the par value first.DeFi Development CEO Joseph Onorati stated that the company's primary goal is simple: to bring CHAD back to par value. He mentioned that this is not an announcement to buy CHAD today, but rather to set up the infrastructure, so that once CHAD stabilizes near par value, if it subsequently falls below par, the company will have an additional tool available. He also stated that the company views CHAD as a long-term financing platform rather than a one-time issuance.This open-ended authorization adds a potential funding allocation tool to DeFi Development's existing $300 million At-the-Market (ATM) issuance plan for CHAD, which the company previously stated would be used to raise funds for increasing its holdings of SOL. The company paid the first dividend on CHAD on October 1.Additionally, the company stated on Monday that preliminary estimates for the third quarter show that as its Solana Treasury increased to 2.56 million SOL over the past week, the net asset value per share has more than doubled compared to before. DFDV's stock price rose 3.3% during Tuesday's trading session.

Cronos Network posted on platform X that both proposals for the token economic model have been approved by community voting. According to the proposal results, 228 million CRO in the Cronos community pool has been successfully burned, bringing the total amount burned to 428 million CRO.At the same time, 100% of the revenue generated from Cronos Ult and Cronos Launch will be used for open market repurchases of CRO, with monthly burns conducted, and each transaction hash will be made public. Cronos stated that the staking reward mechanism remains unchanged, and the related rewards will continue to be funded by the Strategic Reserve.

Chainlink has launched a cross-chain institutional repurchase product called Fulcrum to support cross-chain financing in the institutional repurchase market.Chainlink has demonstrated this financing workflow in collaboration with DTCC at the Sibos conference, showcasing how Fulcrum operates in institutional repurchase scenarios, with DTCC serving as the U.S. securities depository and clearing agency. Currently, integration work with various financing venues for Fulcrum is still ongoing.

Solana ecosystem project Paid announced that the new distribution system is now online, with the fee allocation adjusted to 65% for the recipient, 25% for repurchasing PAID, and 10% retained by the protocol.

The U.S. Securities and Exchange Commission (SEC) recently updated the relevant content regarding token buybacks in the frequently asked questions (FAQ) section related to cryptocurrencies. The new regulations clearly state that if there is no centralized entity behind the token buyback, then the buyback arrangement typically does not constitute an Investment Contract.