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Upexi, a Nasdaq-listed Solana concept stock, spends $50 million to buy back shares.

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[Coin World] The Solana ecosystem has taken significant action again. Nasdaq-listed company Upexi has just announced that its board of directors has approved a $50 million share buyback plan.

This repurchase targets the circulating common stock. How to buy specifically? When to buy? How much to buy? It is up to the management—they will monitor the stock price trends, market fluctuations, and the available cash flow to decide.

In plain terms, the company believes that its stock price may currently be undervalued and is prepared to use real money to buy back its own shares. This kind of operation is quite common in traditional financial markets, but it is still a noteworthy signal for companies listed under the Solana treasury concept.

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ruggedSoBadLMAOvip
· 15h ago
Wow, a 50 million buyback? Is this confidence in themselves or trying to pump? Upexi's play is pretty good, at least it shows that internally they think the stock price has been smashed. If they're buying back, let them buy back, it doesn't really benefit retail investors anyway. Another news from the Solana ecosystem... I really can't hold it anymore. This operation is a bit like TradFi's way, Web3 is really starting to mimic it. What is the management hinting at? It's a bit suspicious. Is there too much money with nowhere to spend? Or do they really think the opportunity has come?
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GasFeeCryvip
· 11-14 01:06
The Nasdaq players' buyback indicates that the SOL ecosystem is truly making inroads into TradFi.
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rug_connoisseurvip
· 11-13 14:23
50 million buyback, it seems they really feel the stock price has been driven down, the management still has confidence.
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