Nasdaq-listed Silvia (SVIA) has sold 124 Bitcoin and repurchased an additional 2.3% of its outstanding common stock since September 15. The company now holds approximately 5,130 BTC and has cumulatively repurchased about 14.5% of shares outstanding since launching its buyback program.
Silvia stated it will continue repurchasing shares as long as the stock price remains below net asset value (NAV). As of the September 22 close, the company reported 82.88 million shares outstanding with a NAV of approximately $4.27 per share.
Silvia Sells 124 BTC, Repurchases 14.5% of Outstanding Shares
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.