Strategy's variable-rate preferred stock, STRC, closed above $90 for the first time in seven weeks, rising 3.2% to $92.32 following company efforts including Bitcoin sales and share buybacks to support the stock.
A U.S. Bankruptcy Judge ruled that the FTX Recovery Trust can proceed with claims to recover at least $1.76 billion from Binance entities and Changpeng Zhao, allegedly transferred during a 2021 share repurchase, while dismissing other claims related to FTX's collapse.
BitMine has slowed its Ethereum (ETH) purchases, adding only 7,430 tokens last week, to prioritize a $85.9 million share buyback. The company is now 95.7% towards its goal of owning 5% of Ethereum's supply, needing 257,532 more ETH, but plans a gradual approach.
UK-listed B HODL Plc's recent share buyback proved 24% more accretive to gross Bitcoin-per-share than buying Bitcoin directly. The company retired 823,400 shares for £37,985, leveraging its stock trading below its Bitcoin holdings, demonstrating an effective capital allocation strategy.
Ethereum treasury company Bitmine added 7,430 ETH ($14 million) last week, a slower pace than usual, as it focused capital on buying back 5.5 million of its own shares. The firm now holds 5.78 million ETH, nearly 4.8% of Ethereum's circulating supply, inching towards its 5% goal.
Bajaj Auto's Rs 5,633 crore share buyback began on Wednesday, aiming to repurchase 46.94 lakh shares at Rs 12,000 each. The offer, open until July 7, targets up to 1.68% of paid-up share capital, with June 24 set as the record date for eligible shareholders.
Wipro's Rs 15,000-crore share buyback, repurchasing up to 60 crore shares at Rs 250 each, concludes on June 17. Only shareholders as of the June 5 record date are eligible. Retail investors could see gains of around Rs 70 per share on accepted shares.
Nakamoto Inc. sold ~$48M in Bitcoin and derivatives, refinanced debt, and authorized a $25M share buyback, reducing debt by $45M and extending maturity to 2027, amidst Bitcoin's 21% monthly decline.
Wipro's Rs 15,000 crore share buyback is open until June 17, allowing eligible shareholders to tender shares at Rs 250, significantly above market price. Small shareholders have a higher entitlement ratio, with analysts estimating a 7-8% return but cautioning about acceptance ratios and post-buyback stock performance.
Nvidia reported strong quarterly results, exceeding Wall Street expectations with net income of $58.32bn and revenue of $81.62bn, driven by high demand for its AI chips. The company also announced an $80bn share buyback program.
Bajaj Auto has announced its board will meet on May 6, 2026, to consider a share buyback proposal. This move follows a trend of capital returns by large-cap firms like Wipro and Aurobindo Pharma to utilize surplus cash.
Wipro has announced a Rs 15,000 crore share buyback at Rs 250 per share, representing a premium of over 25% to its previous closing price of Rs 199.36 on NSE. The IT services major's board approved buying back up to 60 crore shares (5.7% of paid-up capital) via the tender route. Brokerages HDFC Securities and Motilal Oswal recommend tactical "Buy" for retail investors, projecting potential net returns of 8-14% within 2-3 months based on high acceptance ratios.
ASML, the Dutch chip equipment maker monopolizing advanced semiconductor manufacturing machines, is cutting roughly 1,700 jobs (4% of its 44,000-person workforce). The layoffs target management and coordination roles, not engineers, with CEO Christophe Fouquet citing excessive layering and slow processes. The company will create around 1,400 new engineering roles. Over 1,000 employees staged a walkout in March, with unions calling for further protests at the shareholder meeting.
