Cryptocurrency News
Amid crypto winter, Nexo commits additional $50M to buyback program
2022.08.31 07:09
Amid crypto winter, Nexo commits additional $50M to buyback program
Crypto lending platform Nexo has increased the size of its buyback program, giving the company more discretionary ability to repurchase its native token to boost interest payments or make strategic investments in the future.
On Tuesday, Nexo disclosed that its board of directors had committed an additional $50 million to buybacks, building off the company’s initial $100 million repurchase program launched in November 2021. The approval green lights the discretionary repurchase of up to $50 million worth of NEXO tokens on the open market.
