repurchase

According to FT, cryptocurrency projects have spent nearly $640 million repurchasing their own tokens this year. Amid a prolonged market slump, they are emulating common practices in the stock market, attempting to boost token prices.Data from blockchain analytics firm Allium Labs shows that the repurchase amount this year is $638 million, compared to $545 million during the same period last year, with only $366,000 for the entire year of 2024. The repurchase amounts from Hyperliquid and pump.fun account for nearly 90% of the total repurchase amount.

According to Crowdfund Insider, the Ethena Foundation has announced a series of adjustments to reduce the selling pressure caused by early investors unlocking their tokens. The foundation has repurchased some of the remaining locked ENA from large seed round investors through over-the-counter transactions and has agreed with major investors to end the remaining vesting arrangements early.Starting from October 5, there will be no investor tokens under lock-up, while team tokens will maintain the original lock-up and vesting terms.

Virtu Financial, M1X Global, and Tradeweb have completed an on-chain repurchase transaction using the digital sovereign bond USDM1 issued by the Marshall Islands as collateral, with all settlements completed on the Canton Network within 10 minutes. The parties stated that this is the first case combining native-issued sovereign collateral with fully on-chain atomic settlement.USDM1 is a dollar-denominated sovereign bond issued on-chain by the Republic of the Marshall Islands, backed 1:1 by short-term U.S. Treasury securities, which continues to pay interest during the collateral period and is structured as a fully collateralized sovereign debt instrument under New York law. The bond is offered through the Tradeweb platform, with custodial services provided by Anchorage Digital, BitGo, and tZERO.Canton is a blockchain network designed for institutional finance, equipped with privacy and permission management features. Prior to this transaction, Tradeweb facilitated the real-time transfer of tokenized U.S. Treasury securities from Franklin Templeton to Virtu Financial on Canton in July. Since August, FalconX and Interstice have launched a cross-chain exchange engine connecting Canton with Ethereum, Solana, and Robinhood Chain, and World Liberty Financial has also natively issued the USD1 stablecoin on Canton.

According to Hong Kong Stock Exchange documents, Tencent Holdings (00700.HK) repurchased 672,000 shares on August 26, at a cost of HKD 300.4 million.

The first revenue from the Hyperliquid AQAv2 mechanism is expected to enter the Hyperliquid Assistance Fund on October 3, with the market anticipating that the initial fund size could reach approximately $20 million, which will be used to repurchase HYPE. AQAv2 (Aligned Quote Asset v2) is a stablecoin mechanism announced by Hyperliquid in May of this year, allowing stablecoins, including USDC, that are not exclusively issued by Hyperliquid to qualify as "Aligned."According to public information, AQAv2 will return most of the stablecoin revenue to the Hyperliquid ecosystem, with 90% of the revenue allocated to the relevant mechanisms, and subsequently 100% used for the repurchase and destruction of HYPE tokens. Coinbase has been designated as the fund deployment party, while Circle is responsible for the technical deployment, and both parties will also stake HYPE to participate in the mechanism. Analysts expect that this mechanism could generate an additional repurchase pressure of approximately $135 million to $160 million in HYPE annually.

Billionaire investor Stanley Druckenmiller stated that the decision by Besant to spend billions of dollars to buy back U.S. Treasuries is a wrong decision. He believes that the market aggregates information that no committee can possess, and prices are the way information is conveyed to decision-makers. Druckenmiller pointed out that the Treasury's attempt to influence the bond market lacks rationale, and the current financial environment is in a loose state.

According to the 8-K document submitted by Strategy to the SEC, the company did not purchase Bitcoin from August 17 to 23, 2026, maintaining a holding of 840,447 coins, with a total holding cost of approximately $6.336 billion and an average price of about $75,385.During the same period, the company sold 18,261,100 shares of MSTR common stock through the ATM program, raising approximately $2.0065 billion, of which $136.4 million was used to repurchase STRC preferred stock, $300 million was used to replenish the USD Reserve, and the remainder was allocated to the USD Cash liquidity account; additionally, $136.4 million was used to repurchase 1,431,200 shares of STRC preferred stock, with a remaining balance of approximately $516.6 million in the preferred stock repurchase program.As of August 23, the balance of the USD Reserve was $5.1 billion, and the balance of USD Cash was $1.59 billion.

According to CNBC, two senior officials from the U.S. Treasury revealed that the Treasury may utilize a fiscal general account (TGA) close to $1 trillion to fund its recently announced expansion of the government bond purchase program. Using the TGA account will give the Treasury greater ability to influence long-term bond yields.Last week, the U.S. Treasury unexpectedly announced that it would increase the repurchase scale of long-term "off-the-run securities" from $2 billion to at least $4 billion. U.S. Treasury Secretary Yellen stated that the scale of such operations could even exceed this new minimum level. However, the Treasury did not specify how it would fund these purchases at that time.Most market participants previously believed that the Treasury would raise funds by increasing the issuance of short-term Treasury bills. If the TGA account is utilized, the market's perception of this plan may change.The TGA is essentially a "checking account" that the U.S. government has with the Federal Reserve, similar to an emergency fund pool for the government. The funds in this account come from existing tax revenues.

According to Lookonchain monitoring, Arthur Hayes repurchased 1.9 million ETHFI at a unit price of $0.62 (worth approximately $1.17 million).Four months ago, Arthur Hayes sold 265,461 ETHFI at a loss for $0.44 each (worth approximately $118,000).

According to Fortune, Bitcoin surged significantly this week, breaking through the previous range of $62,000 to $67,000 that lasted for several weeks, and rising above $77,000 on Friday. The important turning point in the market occurred after the U.S. Treasury announced an expansion of its long-term Treasury bond repurchase program, leading to a decline in long-term U.S. Treasury yields and the dollar, while alternative assets like Bitcoin and gold strengthened simultaneously.The U.S. Treasury stated that it would at least double the scale of long-term Treasury bond repurchases to alleviate the ongoing selling pressure in the bond market. Meanwhile, the total amount of U.S. Treasury debt surpassed $40 trillion, combined with inflation and energy price pressures, raising concerns in the market about the purchasing power of the dollar and long-term fiscal conditions. Funds began to flow into the so-called "debasement trade," with Bitcoin accumulating a rise of over 20% this week.Previously, many traders bet that BTC would continue to be constrained around $67,000, but after the Treasury's actions pushed yields and the dollar down, Bitcoin broke through that price level, forcing short sellers to cover. Since covering positions requires buying BTC, this further drove up the price and triggered more liquidations. According to CoinGlass data, over $4 billion in cryptocurrency short positions have been liquidated during this rally as of Friday.Additionally, Trump urged Congress to advance the CLARITY Act at a cryptocurrency conference held at the White House this week. CFTC Chairman Mike Selig subsequently stated that he would use existing authority to promote the government's cryptocurrency policy agenda, which also provided a policy-level catalyst for this market rally.

Regarding Besant's increased investment in U.S. Treasury buybacks, Bitwise CIO Matt Hougan stated, "When the government artificially suppresses long-term interest rates, it erodes the value of savings. Investors need to purchase hard assets to escape this predicament. Bitcoin is the fastest horse in this race."

Bank of America strategist Hartnett stated that if the U.S. Treasury's plan to control long-term Treasury yields fails, the dollar will come under pressure and may trigger short-selling bets on risk assets before the midterm elections in November.If Treasury Secretary Yellen cannot bring the 30-year yield down to below 5%, the dollar is expected to decline, and risk assets such as financial stocks and AI mega-cap companies will face short-selling risks.

According to The Block, Nasdaq-listed company Eightco Holdings (NASDAQ: ORBS) announced that it has repurchased approximately 14 million shares of its stock in the past two weeks. Currently, the company's treasury assets are approximately $389 million.According to the company's disclosed data, Eightco's current treasury mainly includes approximately 302 million WLD (Worldcoin) tokens, 16,278 ETH, an indirect OpenAI equity exposure of about $90 million, and an equity investment in Beast Industries valued at approximately $18 million.Eightco previously stated that the company is building an asset allocation system around three major trends: artificial intelligence, digital identity, and the creator economy. Among them, the WLD holdings are an important part of its digital identity strategy, with the amount of WLD held by the company accounting for about 8% of the circulating supply, making it one of the larger holdings among publicly disclosed institutions.

According to Forbes, Bitcoin has rebounded strongly and surpassed $69,000, with $1.29 billion in short positions liquidated within about an hour. On the same day, the U.S. Treasury announced it would at least double the scale of long-term Treasury bond repurchases to $4 billion each time, to be executed from September 9 to November 4. Geoff Kendrick, head of digital asset research at Standard Chartered Bank, stated that investors should position themselves for Bitcoin to rise to $100,000 by the end of 2026, and noted that the Treasury's measures are "exactly the type favored by Bitcoin."Standard Chartered had previously lowered its year-end target from $150,000 to $100,000 and postponed its $500,000 expectation from 2028 to 2030. Bitcoin ETFs recorded a net inflow of $298 million, reversing three consecutive days of outflows. The Federal Reserve's meeting minutes were hawkish, keeping interest rates at 3.50%-3.75%, with three members advocating for rate hikes due to concerns that AI could drive inflation. Kendrick pointed out that $65,500 needs to be maintained to confirm the bottom.

The U.S. Department of the Treasury has announced that it will at least double the scale of liquidity support repurchase operations for long-term nominal coupon securities, involving two maturity ranges: 10 to 20 years and 20 to 30 years.Currently, the maximum scale for each operation is $2 billion, and in the future, the scale for each operation will be raised to at least $4 billion. The adjustment will take effect on September 9, 2026, and will be implemented for the remainder of this refinancing quarter (until November 4, 2026). The Treasury will provide more information about future repurchase scales at the next quarterly refinancing meeting scheduled for November 4, 2026.This expansion of the repurchase operation scale reflects the Treasury's desire to provide stronger liquidity support for the long-term nominal Treasury market. The Treasury will announce updated temporary Treasury repurchase arrangements later.

According to SoSoValue data, as of 8:00 AM Eastern Time on August 17, 2026, the total net purchase of Bitcoin by global listed companies (excluding mining companies) for the week was $5.32 million, a decrease of 90.34% compared to last week.Strategy did not buy or sell Bitcoin last week but spent $132 million to repurchase 1,388,720 shares of STRC preferred stock.The Japanese listed company Metaplanet did not purchase Bitcoin last week, marking five consecutive weeks without buying Bitcoin.In addition, two other companies purchased Bitcoin last week. The French Bitcoin company Capital B announced on August 17 that it bought 5 Bitcoins at a price of $64,395.60, bringing its total holdings to 3,145 Bitcoins; asset management company Strive announced on August 17 that it spent $5 million last week to purchase 79 Bitcoins at a price of $63,231, bringing its total holdings to approximately 20,246 Bitcoins.As of the time of writing, the total amount of Bitcoin held by the global listed companies (excluding mining companies) in the statistics is 1,139,641 Bitcoins, an increase of 0.007% compared to last week, with a current market value of approximately $72.42 billion, accounting for 5.7% of the circulating market value of Bitcoin.

According to the 8-K document submitted by Strategy to the U.S. SEC, the company did not purchase Bitcoin from August 10 to 16, 2026, maintaining a position of 840,447 coins, with a total holding cost of approximately $6.336 billion and an average cost of about $75,385.During the same period, the company sold MSTR common stock through its ATM program, raising approximately $333.7 million in net proceeds, part of which was used to replenish dollar reserves, repurchase STRC preferred stock, and pay STRC dividends. As of August 16, the company's dollar reserve balance was $4.8 billion, a decrease of about $200 million from the previous week.