Crypto‑Backed Stock Buyback: A New Way to Move Money

A company that keeps a big pile of Solana crypto on its balance sheet has just bought back more than six million shares of its own stock. The deal was paid for with a $40 million loan that the firm took from a crypto‑focused financial group. The money borrowed was secured by the company’s Solana holdings, which are worth about $613 million right now. The purchase will cut the number of shares that anyone can own from about 83 million to nearly 77 million. The company did not say who sold the shares, but only a handful of investors own enough to make such a sale possible. Two of those holders are subsidiaries of the same crypto‑bank that gave the loan.

The company is already allowed to buy back up to $1 billion of its own stock, and this move is meant to give it more flexibility as the crypto market swings wildly. Solana’s price has dropped below $90, and the firm’s own shares have fallen 87 % from last September. The buyback might help keep the stock price steadier. This isn’t an isolated case. Many public firms now hold large amounts of digital coins, hoping the extra cash flow from staking will pay off when markets recover. But if crypto prices stay low, those companies could face big losses and find it hard to keep running. Analysts predict that some of these crypto‑treasury firms may have to merge or cut back on operations if the downturn continues.

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